What is the smallest denomination of bitcoin?
ScaryGorilla12Aug 30, 2021 · 4 years ago3 answers
Can you please explain what is the smallest denomination of bitcoin and how it is used in transactions?
3 answers
- Redbullet 909Feb 02, 2026 · 3 days agoThe smallest denomination of bitcoin is called a satoshi. It is named after the creator of bitcoin, Satoshi Nakamoto. One bitcoin is equal to 100 million satoshis. This small unit allows for microtransactions and makes it possible to send very small amounts of bitcoin. For example, if you want to send someone 0.000001 bitcoin, you would be sending them 100 satoshis. It's like the cents of bitcoin.
- Angelica MaldonadoJun 29, 2024 · 2 years agoThe smallest denomination of bitcoin is the satoshi. It's like the smallest unit of measurement in the bitcoin world. Just like you can have a dollar and cents, you can have a bitcoin and satoshis. One bitcoin is equal to 100 million satoshis. So, if you have 0.000001 bitcoin, you have 100 satoshis. It's a way to break down bitcoin into smaller, more manageable units.
- Pritha KawliJul 29, 2023 · 3 years agoThe smallest denomination of bitcoin is called a satoshi. It is the equivalent of one hundred millionth of a bitcoin. This small unit is used to facilitate microtransactions and make it possible to send very small amounts of bitcoin. For example, if you want to send someone 0.000001 bitcoin, you would be sending them 100 satoshis. It's like the pennies of bitcoin. At BYDFi, we also use satoshis as the smallest unit of measurement for bitcoin transactions.
Top Picks
- How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?2 4432971
- How to Withdraw Money from Binance to a Bank Account in the UAE?3 07557
- ISO 20022 Coins: What They Are, Which Cryptos Qualify, and Why It Matters for Global Finance0 05679
- Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 20250 24767
- The Best DeFi Yield Farming Aggregators: A Trader's Guide0 04373
- PooCoin App: Your Guide to DeFi Charting and Trading0 03344
Related Tags
Trending Today
XRP Data Shows 'Bulls in Control' as Price Craters... Who Are You Supposed to Believe?
Is Bitcoin Nearing Its 2025 Peak? Analyzing Post-Halving Price Trends
Japan Enters Bitcoin Mining — Progress or Threat to Decentralization?
How RealDeepFake Shows the Power of Modern AI
Is Dogecoin Ready for Another Big Move in Crypto?
Why Did the Dow Jones Index Fall Today?
Nasdaq 100 Explodes Higher : Is This the Next Big Run?
BMNR Shock Move: Is This the Start of a Massive Rally?
Is Nvidia the King of AI Stocks in 2026?
Trump Coin in 2026: New Insights for Crypto Enthusiasts
More
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?
More Topics