How does the conversion between Satoshi and Bitcoin work?

3 answers

• Mar 19, 2022 · 3 years ago
  Sure, let me break it down for you. Satoshi is the smallest unit of Bitcoin, named after its creator Satoshi Nakamoto. 1 Bitcoin is equal to 100 million Satoshis. So, to convert Satoshi to Bitcoin, you divide the amount of Satoshi by 100 million. For example, if you have 10 million Satoshis, you would divide it by 100 million to get 0.1 Bitcoin. It's like converting cents to dollars, but in the world of digital currency.
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• Mar 19, 2022 · 3 years ago
  Converting between Satoshi and Bitcoin is pretty straightforward. Just remember that 1 Bitcoin is equal to 100 million Satoshis. So, to convert Satoshi to Bitcoin, divide the amount of Satoshi by 100 million. And to convert Bitcoin to Satoshi, multiply the amount of Bitcoin by 100 million. It's like converting between different units of measurement, but in the world of digital currency.
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• Mar 19, 2022 · 3 years ago
  When it comes to the conversion between Satoshi and Bitcoin, it's all about the decimal places. 1 Bitcoin has 8 decimal places, which means it can be divided into 100 million Satoshis. So, to convert Satoshi to Bitcoin, you move the decimal point 8 places to the left. For example, if you have 10 million Satoshis, you would move the decimal point 8 places to the left to get 0.1 Bitcoin. It's like shifting gears in the world of digital currency.
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