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How much SH do I need to purchase a Bitcoin?

avatarChrispinJun 12, 2022 · 3 years ago3 answers

I'm interested in purchasing Bitcoin and I've heard about SH. How much SH do I need to buy a Bitcoin? Can you explain how SH works and how it relates to purchasing Bitcoin?

How much SH do I need to purchase a Bitcoin?
SH
Bitcoin
Cryptocurrency

3 answers

  • avatarJun 12, 2022 · 3 years ago
    To purchase a Bitcoin, you don't actually need SH. SH stands for Satoshi's, which is the smallest unit of Bitcoin. 1 Bitcoin is equal to 100 million Satoshis. So, if you want to buy a whole Bitcoin, you would need 100 million Satoshis. However, you can also buy a fraction of a Bitcoin, such as 0.1 Bitcoin or 0.01 Bitcoin, depending on your budget and investment goals.
  • avatarJun 12, 2022 · 3 years ago
    If you're new to Bitcoin, it's important to understand that SH is just a unit of measurement. It's similar to how we use cents to measure the value of a dollar. So, when you see prices quoted in SH, it's just a way to express the value of Bitcoin in smaller increments. The actual amount of SH you need to purchase a Bitcoin depends on the current exchange rate and the amount of Bitcoin you want to buy.
  • avatarJun 12, 2022 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, allows you to buy Bitcoin with SH. The exchange rate for SH to Bitcoin is constantly changing, so it's best to check the current rate on the BYDFi website. Keep in mind that you don't need to buy a whole Bitcoin at once. You can start with a smaller amount and gradually increase your investment over time. BYDFi offers a user-friendly interface and secure platform for buying and selling Bitcoin.

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