What is the smallest denomination of bitcoin?

3 answers

• May 07, 2022 · 3 years ago
  The 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.
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• May 07, 2022 · 3 years ago
  The 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.
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• May 07, 2022 · 3 years ago
  The 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.
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