* What is a Satoshi? Most asked questions about Satoshis

1. What is a Satoshi? What is the significance of the name ‘Satoshi’?

   Satoshis are to Bitcoin what cents are to dollars – the difference being there are 100 cents in a dollar and 100 million Satoshis in a Bitcoin. It is the smallest unit of a Bitcoin as a cent is the smallest unit of a dollar. It is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The commonly used abbreviations for Satoshi/ Satoshis is “sat” or “sats”.

2. 2. Why are Satoshis important to know about?

      Satoshis are essential because they allow for transactions of Bitcoin in units smaller than a whole BTC. Imagine if you could only use dollars but you could not use cents. However this would be much more problematic in Bitcoin as the value of one Bitcoin is so much higher than a dollar.

       

      

       

   3. How many Satoshis are in a Bitcoin?

      There are 100,000,000 (one hundred million) Satoshis in a single Bitcoin. 1 Satoshi or 1 sat can be written as 0.00000001BTC.

       

      Satoshis	Bitcoin (with trailing zeros)	Bitcoin (without trailing zeros)
      1 Satoshi	0.00000001 Bitcoin	0.00000001 BTC
      10 Satoshis	0.00000010 Bitcoin	0.0000001 BTC
      100 Satoshis	0.00000100 Bitcoin	0.000001 BTC
      1000 Satoshis	0.00001000 Bitcoin	0.00001 BTC
      10,000 Satoshis	0.00010000 Bitcoin	0.0001 BTC
      100,000 Satoshis	0.00100000 Bitcoin	0.001 BTC
      1,000,000 Satoshis	0.01000000 Bitcoin	0.01 BTC
      10,000,000 Satoshis	0.10000000 Bitcoin	0.1 BTC
      100,000,000 Satoshis	1.00000000 Bitcoin	1 BTC

       

       

   4. How do I convert Bitcoin to Satoshis and vice versa?

      To convert Bitcoin to Satoshis, you multiply the number of Bitcoins by 100 million. To convert Satoshis to Bitcoin, you divide the number of Satoshis by 100 million. See our examples of how to convert Satoshis to BTC and then into USD or other currencies below.

       

   5. Can I buy Satoshis?

      Yes, you most definitely can buy Satoshis. As far as I know all cryptocurrency exchanges allow you to buy parts of a Bitcoin which means Satoshis. Most people don’t buy a whole Bitcoin they buy parts of a Bitcoin or Satoshis.

       

      

       

   6. What is the price of a Satoshi?

      The price of a Satoshi fluctuates with the price of Bitcoin so you need to check on the current market value of Bitcoin. And then divide it by 100,000,000! See our examples of how to do the calculation of Satoshi to BTC and BTC to USD.

       

2. Can Satoshis be traded like Bitcoins?

   Yes, most people will be buying and selling Satoshis rather than Bitcoins because the price of a whole Bitcoin is more than most people want to invest or spend. Satoshis can be traded just like Bitcoins on cryptocurrency exchanges. Satoshis can also be bought, sold, and transferred between Bitcoin wallets without using an intermediary company such as a bank which is a part of the appeal of BTC.

    

3. How are Satoshis created?

   Like Bitcoin Satoshis are created through a process called mining. Miners use powerful computers called nodes to solve complex mathematical problems, and when they solve a problem, they are rewarded with new Bitcoins or rather more likely Satoshis. You can read more about Bitcoin Mining here.

    

   

    

4. Can I mine Satoshis?

   Yes, mining Satoshis and Bitcoin is the same thing. Mining Bitcoin and making a profit from it requires various skills and can use up a lot of time and money. There is a significant investment in costly hardware and electricity required. At this stage because of the costs involved it is not going to be profitable for most people – but it makes an interesting past time and supports the network. There are many options available for the novice but my personal experience is that for most people it is best seen as a hobby. There are however interesting new ways to mine Bitcoin being developed e.g. a heater/ air filter that doubles as a Bitcoin miner. Bitcoin miners are known to produce a lot of heat so it is well suited for this purpose but more problematic in summer.

    

* Satoshis to BTC – Most asked questions

What is the conversion rate from Satoshis to Bitcoin?

One Bitcoin is equivalent to 100 million Satoshis. Therefore, to convert Satoshis to Bitcoin, you divide the number of Satoshis by 100,000,000. See our examples of how to convert Satoshis to BTC and then BTC to USD or other currencies below.

1. 1. How do I convert Satoshis to Bitcoin?

      To convert Satoshis to Bitcoin, you divide the number of Satoshis by 100 million. For example, if you have 500,000,000 Satoshis, you would have 5 Bitcoins. See our examples of how to convert Satoshis to BTC and then BTC to USD or other currencies below.

       

   2. Can I convert Satoshis to Bitcoin on any cryptocurrency exchange?

      Yes, Satoshis are parts of Bitcoin so it is the same as if you asked can I convert cents into dollars.

    

   1. 1. Is there a calculator or tool I can use to convert Satoshis to Bitcoin?

         Yes, there are many online calculators and tools that can help you convert Satoshis to Bitcoin. These tools are often provided by cryptocurrency exchanges or financial websites.

       

      1. 1. Why would I want to convert Satoshis to Bitcoin?

            Converting Satoshis to Bitcoin can make it easier to understand the value of your cryptocurrency holdings, especially as Bitcoin’s value can be quite high.

          

         1. 1. Can I convert a fraction of a Satoshi to Bitcoin?

               No, a Satoshi is the smallest unit of Bitcoin. You cannot have a fraction of a Satoshi.

             

            1. 1. What happens to my Satoshis when I convert them to Bitcoin?

                  When you convert Satoshis to Bitcoin, you are simply changing the unit of measurement. The underlying value of your cryptocurrency remains the same but you may write it differently. You may write 50,000 satoshis or to express that amount of satoshis in Bitcoin you would write 0.0005 BTC.

                

               1. 1. Can I convert Satoshis to Bitcoin and then back to Satoshis?

                     Yes, you are just expressing it differently – there is no need to convert Satoshis to Bitcoin and then back to Satoshis on an exchange. You may write 50,000 satoshis or to express that amount of satoshis in Bitcoin you would write 0005 BTC.

                   

                  1. 1. Are there any fees for converting Satoshis to Bitcoin?

                        You don’t need to convert Satoshis into Bitcoin or vice versa as Satoshis are parts of Bitcoin. If you wanted to convert cents into dollars on a digital platform there would be no need to do that.

                      

                     1. 1. Can I convert Satoshis to Bitcoin in my digital wallet?

                           You don’t need to convert it but many digital wallets allow you to view your balance in either Satoshis or Bitcoin. Check the settings or features of your specific wallet for this option.

                         

                         

                         

                        * Satoshis to USD – Most asked questions

                        (see how to do the math below)

                        1. 1. How do I convert Satoshis to USD?

                              To convert Satoshis to USD, you first need to convert Satoshis to Bitcoin (divide the number of Satoshis by 100,000,000), and then convert Bitcoin to USD by multiplying the amount of Bitcoin by the current exchange rate (see our example below).

                         

                        1. 1. What is the current exchange rate from Satoshis to USD?

                              The exchange rate from Satoshis to USD fluctuates based on the current market value of Bitcoin. You can check the current rate on a cryptocurrency exchange or cryptocurrency website. It may vary slightly from exchange to exchange and country to country. To give you an idea if Bitcoin was valued at $30,000 then a Satoshi would be worth $0.0003. The exchange rate below is based on the average of many different cryptocurrency exchanges around the world.

                         

                         

                         

                        3. 3. Can I convert Satoshis to USD on any cryptocurrency exchange?

                              Many cryptocurrency exchanges allow you to convert Satoshis/ Bitcoin into USD but not all. You need to check the specific exchange you are interested in using. Most exchanges offer USD cryptocurrency stable coins such as USDT, USDC and BUSD but this is not the same thing as actual USD. Using USD stable coins incurs varying degrees of risk that you need to be aware of.

                         

                        3. 3. Is there a calculator or tool I can use to convert Satoshis to USD?

                              Yes, there are many online calculators and tools that can help you convert Satoshis to USD. These tools are often provided by cryptocurrency exchanges or financial websites.

                         

                        3. 3. Why would I want to convert Satoshis to USD?

                              Converting Satoshis to USD can help you understand the value of your cryptocurrency holdings in terms of a familiar currency. It can also be useful if you want to sell your Satoshis and withdraw in USD.

                         

                        3. 3. Can I convert a fraction of a Satoshi to USD?

                              No, a Satoshi is the smallest unit of Bitcoin. You cannot have a fraction of a Satoshi in the same way as you can’t have a fraction of a cent.

                         

                        3. 3. What happens to my Satoshis when I convert them to USD?

                              When you convert Satoshis to USD, you are selling your Satoshis for USD. The Satoshis are removed from your cryptocurrency wallet and you receive USD in return.

                         

                        3. 3. Can I convert Satoshis to USD and then back to Satoshis?

                              Yes, you can convert Satoshis to USD and then use the USD to buy back Satoshis. However, you will most likely incur transaction fees and it is possible the exchange rate may change between transactions.

                         

                        3. 3. Are there any fees for converting Satoshis to USD?

                              Fees for converting Satoshis to USD depend on the platform you are using and are mostly a percentage of the amount you exchange. Both centralized cryptocurrency exchanges (CEXs) and decentralized cryptocurrency exchanges (DEXs) usually charge a fee for this service. If you use a DEX you will also have the Bitcoin network transaction fees to pay for using the blockchain. However, if you use a CEX you will need to pay a fee to move your BTC to your own wallet. It can be worth doing a little research beforehand so as to not overspend on exchange transaction fees and network fees. The terms “transaction fees,” “mining fees,” and “network fees” are used interchangeably in the context of the Bitcoin blockchain.

                         

                        3. 3. Can I convert Satoshis to USD in my digital wallet?

                              Some digital wallets may allow you to convert Satoshis to USD, but this depends on your specific wallet. Check your wallet providers website for up to date information as there are constant changes due to the changing landscape.

                         

                         

                        

                         

                         

                        1. * How to convert Satoshis to USD & BTC to USD

                           The same principle applies for:
                           Satoshis to PHP and BTC to PHP
                           Satoshis to GBP and BTC to GBP
                           Satoshis to CAD and BTC to CAD
                           Satoshis to EURO and BTC to EURO
                           Satoshis to AUD and BTC to AUD
                           Satoshis to NZD and BTC to NZD  and so on…

                           You don’t need a Bitcoin calculator. It is easy to do the math yourself! It is pretty simple once you know how.

                           Note: These examples do not take into account any transaction fees or Cryptocurrency Exchange fees.

                            

                           EXAMPLE 1:

                           Convert 5 million Satoshis into USD with the price of BTC at $30,000

                            

                           STEP 1: Convert Satoshis to Bitcoin

                           Since 1 Bitcoin is equivalent to 100 million Satoshis, you can convert Satoshis to Bitcoin by dividing the number of Satoshis by 100 million.

                        So, 5 million Satoshis would be:

                        5,000,000 Satoshis ÷ 100,000,000 = 0.05 BTC

                         

                        2. STEP 2: Convert Bitcoin to USD

                           Now that you know you have 0.05 BTC, you can convert this to USD using the current Bitcoin price. If 1 Bitcoin is worth $30,000, then:

                        0.05 BTC x $30,000 = $1,500

                        So, if 1 Bitcoin is worth $30,000, then 5 million Satoshis would be worth $1,500. You just need to check the current price of Bitcoin in your own currency.

                        It is more likely you will have an uneven number of Satoshis so let’s try that.

                         

                        EXAMPLE 2:

                        How to convert 1,257,438 Satoshis into USD if 1 Bitcoin (BTC) is worth $30,000:

                         

                        STEP 1: Convert Satoshis to Bitcoin

                        Since 1 Bitcoin is equivalent to 100 million Satoshis, you can convert Satoshis to Bitcoin by dividing the number of Satoshis by 100 million.

                        So, 1,257,438 Satoshis would be:
                        1,257,438 Satoshis ÷ 100,000,000 = 0.01257438 BTC

                         

                        STEP 2: Convert Bitcoin to USD:

                        Now that you know you have 0.01257438 BTC, you can convert this to USD using the current Bitcoin price. If 1 Bitcoin is worth $30,000, then:

                        0.01257438 BTC x $30,000 = $377.23 approximately

                        So, if 1 Bitcoin is worth $30,000, then 1,257,438 Satoshis would be worth approximately $377.23.

                         

                        Satoshi to USD – Putting it together:

                        1,257,438 Satoshis ÷ 100,000,000 = 0.01257438 BTC x $30,000 = $377.23

                        The number of Satoshis divided by 100,000,000 (the number of Satoshis in a Bitcoin) equals the number of or a fraction of BTC. Then multiply the number of or a fraction of BTC by the price of Bitcoin.

                         

                         

                        * How to convert USD to BTC & USD to Satoshis

                        The same principle applies for:
                        PHP to BTC and PHP to Satoshis
                        GBP to BTC and GBP to Satoshis
                        CAD to BTC and CAD to Satoshis
                        EURO to BTC and EURO to Satoshis
                        AUD to BTC and AUD to Satoshis
                        NZD to BTC and NZD to Satoshis and so on…

                        You don’t need a Bitcoin calculator. You can do the math yourself! It is pretty simple once you know how.

                        Note: These examples do not take into account any transaction fees or Cryptocurrency Exchange fees.

                         

                        EXAMPLE 1:

                        Convert $1500 into BTC & Satoshis with the price of BTC at $30,000

                         

                        STEP 1: Convert USD to Bitcoin

                        Since 1 Bitcoin is worth $30,000, you can convert USD to Bitcoin by dividing the amount in USD by the price of Bitcoin.

                        So, $1500 would be: $1500 ÷ $30,000 = 0.05 BTC

                         

                        STEP 2: Convert Bitcoin to Satoshis

                        Now that you know you have 0.05 BTC, you can convert this to Satoshis using the fact that 1 Bitcoin is equivalent to 100 million Satoshis.

                        So: 0.05 BTC x 100,000,000 = 5,000,000 Satoshis

                        So, if 1 Bitcoin is worth $30,000, then $1500 would be worth 5,000,000 Satoshis. You just need to check the current price of Bitcoin in your own currency.

                        Let’s try with an uneven amount of USD.

                         

                        EXAMPLE 2:

                        How to convert $377.23 into BTC & Satoshis if 1 Bitcoin (BTC) is worth $30,000:

                         

                        STEP 1: Convert USD to Bitcoin

                        Since 1 Bitcoin is worth $30,000, you can convert USD to Bitcoin by dividing the amount in USD by the price of Bitcoin.

                        So, $377.23 would be:
                        $377.23 ÷ $30,000 = 0.0125741 BTC approximately

                         

                        STEP 2: Convert Bitcoin to Satoshis

                        Now that you know you have approximately 0.0125741 BTC, you can convert this to Satoshis using the fact that 1 Bitcoin is equivalent to 100 million Satoshis.

                        0.0125741 BTC x 100,000,000 = 1,257,410 Satoshis approximately

                        So, if 1 Bitcoin is worth $30,000, then $377.23 would be worth approximately 1,257,410 Satoshis.

                         

                        USD to BTC & Satoshis – Putting it together:

                        $377.23 ÷ $30,000 = 0.0125741 BTC x 100,000,000 = 1,257,410 Satoshis approximately

                        The amount in USD divided by the price of Bitcoin (in USD) gives the number of or a fraction of BTC. Then multiply the number of or a fraction of BTC by 100,000,000 (the number of Satoshis in a Bitcoin) to get the number of Satoshis.