What is the meaning of 1kk in the context of cryptocurrency?
sojib khanJan 14, 2022 · 3 years ago3 answers
Can you explain the meaning of 1kk in the context of cryptocurrency? I've come across this term and I'm not sure what it refers to.
3 answers
- Jan 14, 2022 · 3 years ago1kk is a shorthand notation used in the cryptocurrency community to represent 1,000,000. It is derived from the SI prefix 'kilo-' which denotes a factor of 1,000. So when someone mentions 1kk in the context of cryptocurrency, they are referring to 1 million of a particular cryptocurrency, such as Bitcoin or Ethereum. It's a convenient way to express large numbers without having to write out all the zeros.
- Jan 14, 2022 · 3 years agoAh, 1kk in the context of cryptocurrency simply means 1 million. It's like saying 'one thousand thousand'. It's a common abbreviation used to represent large amounts of cryptocurrency. So if you see someone talking about 1kk Bitcoin, they mean 1 million Bitcoins. It's just a way to make it easier to talk about big numbers without having to write them all out.
- Jan 14, 2022 · 3 years ago1kk, also known as 1 million, is a term used in the cryptocurrency world to refer to a large quantity of a particular cryptocurrency. For example, if someone says they have 1kk Bitcoin, it means they have 1 million Bitcoins. It's a convenient way to express large numbers without having to write out all the zeros. At BYDFi, we often use this term when discussing large transactions or market movements.
Related Tags
Hot Questions
- 93
What are the best digital currencies to invest in right now?
- 77
How does cryptocurrency affect my tax return?
- 76
How can I buy Bitcoin with a credit card?
- 75
How can I protect my digital assets from hackers?
- 69
Are there any special tax rules for crypto investors?
- 61
What are the tax implications of using cryptocurrency?
- 45
How can I minimize my tax liability when dealing with cryptocurrencies?
- 32
What are the advantages of using cryptocurrency for online transactions?