Satoshi is how much

Why they are needed

The sphere of application of SATS is the same as that of BTC. Using them, traders pay the commission of the decentralized network, and in the United States – buy goods in stores. Satoshi are used for investment and exchange for other cryptocurrencies.

SATS is the only common name for a part of a whole. In the case of other cryptocurrencies, there are no analogs. Exchange websites provide separate charts so that traders understand how much satoshis are worth and can calculate the commission.

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How to use

Functionally and in terms of how to use SATS and BTC do not differ. Tokens exist within the blockchain and are stored on special wallets. Owners send coins as a gift, sell them on exchanges, use them to buy goods abroad.

How many satoshis are in 1 bitcoin

SATS compared to Bitcoin has a value of 10-8 (0.00000001 BTC). To quickly determine the value of a transaction or goods, if they are calculated in bitcoins, you need to know how many satoshis are in one coin. The blockchain developers have stipulated that 1 Bitcoin is divided into 100 million SATS.

In addition to satoshis, there are 2 other designations of fractional values of BTC. They have not become popular, but can be found on English-language sites:

• Microbitcoin = 100 SATS.
• Millibitcoin = 100 thousand.

How much is satoshi in different currencies

The price depends on BTC, and trades are conducted mainly in dollars. To determine the actual rate, traders use special calculators or simply take the value of Bitcoin and divide it by 100 million. The table shows the data on the rate of SATS in fiat for May 2023.

Value Change Analysis

The price of SATS is characterized by volatility as it only depends on community interest and is not backed by stable assets, unlike fiat. Although Bitcoin has had many falls in its history, the cryptocurrency has shown stronger growth than the NASDAQ 100 and gold in terms of the rate of appreciation.

According to CaseBitcoin’s source, the average annual growth rate of digital gold over the 10 years since its inception has been 196.7%. Initially, you could not buy a pizza for 1 BTC, but already in 2021, one coin was enough to buy an apartment. The cost of Bitcoin exceeded $60 thousand, which caused a new wave of mining boom.

However, closer to December 2021 cryptozyme began. As a result, for 1.5 years, the value of the token fell below $20 thousand, and in May 2023 it was fixed at $30 thousand.

Cryptozyme is a period of long-term collapse of quotes of digital assets. Many coins lose up to 95% of their peak values during it, and investors’ interest in cryptocurrencies falls.

Exchange rate for today

It should be taken into account that on different exchanges the cost of the coin differs. This is due to the peculiarities of the local market, including the ratio of supply and demand. For example, at the time of writing (May 15, 2023), traders on Binance sell SATS for $0.0002921, and on Bybit – for $0.0002752.

Most exchanges don’t have a separate chart to track the satoshi rate. Users calculate the value on their own.

How and where to buy satoshis

Before investing in cryptocurrency, you need to know what satoshi are and how much they cost, as well as determine the prospects for growth. In Russia, digital assets can not be used to pay for goods and services, so they are used only for investment and trading.

To determine the prospects, it is worth studying the assessments of cryptoexperts and tracking patterns on the chart. This will help to identify the right moments for selling coins and investing in them.

There are 2 convenient ways to buy cryptocurrency. Available sites differ in the number of functions and the complexity of registration:

• Exchangers. These are companies that offer to quickly get SATS for Ethereum, Solana, other digital assets and fiat. Popular exchangers are FloatChange, Pocket-Exchange.
• Exchanges. Large-scale trading platforms that allow traders to buy and sell tokens with minimal commissions. Exchanges are more profitable than exchangers, so they should be used by those who plan to make money on cryptocurrencies. Popular sites are Binance, Bybit, OKX.

It is worth noting that exchanges do not have strict requirements for clients. There you do not need to make a large deposit to trade tokens. Beginning traders can buy even one satoshi.

The only condition is that you need to pass KYC (Know Your Customer). The procedure involves checking scanned copies of documents to protect the exchange and customers from fraudsters. Until the user passes the verification, some functions will be blocked.

Storage wallets

The minimum part of bitcoin can not be kept on a bank card. For this purpose, special storages have been created, which allow you to accept and send cryptocurrency. Developers have implemented several types of wallets. Some vaults are installed on a laptop in the form of software. The best BTC wallets for the computer:

• Armory. The popular program has a function for setting up cold storage of coins.
• Electrum. Convenient software allows you to keep not only BTC, but also LTC, DASH, other tokens on the balance.

There are also mobile wallets that are installed on smartphones. In terms of functionality, they practically do not differ from storages for computers. However, smartphones are considered a less safe option, as the phone can be stolen, or the owner himself accidentally damages the gadget. Popular apps for Android are Copay, Crypterium, and for iOS – Matbea Wallet, CoinPayments Wallet and Trust Wallet.

Another option for vaults are hardware vaults (key protection devices). They are virtually impossible to hack because the wallets are not connected to the internet. Popular devices include Ellipal Titan, Tangem, and Ledger Blue.

However, it should be taken into account that hardware storages, unlike software ones, are less convenient from the point of view of trading. It is uncomfortable to conduct transactions regularly due to the lack of internet. Therefore, traders always keep some money on online wallets for trading operations.

List of bitcoin faucets and games

When cryptocurrencies became popular, websites that give away tokens for free appeared on the internet. They are called bitcoin faucets because there users can collect SATS “at the drop of a hat”. Popular sites are:

• Final Autoclaim. Autoclaim gives away 72 digital assets. An internal coin, DUTCHY, is required to work with the service. You will have to accumulate a minimum of 100 satoshis to withdraw your earnings.
• CoinPayu. Allows you to earn 4 cryptocurrencies simultaneously – $0.0008 at a time with a timer of 60 minutes. Withdrawal in BTC is possible from 2 thousand satoshis.
• FreeBitco.in. The faucet pays out up to $200 in SATS. The minimum withdrawal amount is 30 thousand satoshis, the commission is up to 1 thousand SATS.

To earn, you should regularly visit the site and click on the button. For fans of games, the developers have provided entertainment with the ability to receive cryptocurrency. Popular projects:

• SmurfGO. The user controls a smurf and collects game coins that can be exchanged for cryptocurrency.
• SatoshiQuiz. Here the user has to answer questions correctly to get BTC.
• MyBitMine. In this game you should “search” for valuable fossils and sell them in the store.

Frequently Asked Questions