What is a satoshi?

What is a satoshi?

Besides being the first part of the name, or rather the pseudonym of the mysterious creator of Bitcoin, Satoshi is in theory the smallest unit of BTC. What a cent is to a euro or a dollar, that is to a Bitcoin Satoshi.


One Bitcoin consists of 100 million satoshis (hours), but this is not the only subdivision of bitcoins. A millibitcoin is the term for one thousandth of a bitcoin or 0.001 BTC. A microbitcoin is one millionth of a bitcoin or 0.000001 BTC.

However, although satoshi is formally the smallest unit, on the Lightning network it is possible to perform transactions using a smaller unit known as millisatoshi, which is one-thousandth of the size of one Satoshi. But it should be said that this is not possible on the bitcoin network itself.

Splitting Bitcoin into fractions is necessary to facilitate microtransactions, such as buying coffee, although BTC is not considered a suitable medium of exchange due to the high volatility and slowness of the blockchain. Satoshis have become irreplaceable since one bitcoin grew to tens of thousands of dollars.

It also means that potential investors can buy as little as $1 worth of BTC, rather than having to buy an entire bitcoin. It's the same with miners. As bitcoin block rewards are halved approximately every four years they will at some point start being counted in satoshis rather than bitcoins.

Full explained:

What is a Satoshi?

A Satoshi is the smallest existing unit of Bitcoin. If you share 1 bitcoin 100 million times, you get 1 satoshi. The satoshi value is used in the blockchain during the processing of bitcoin transactions. The amount of Bitcoin to be transferred is given in Satoshi before it is issued. This allows for a particularly precise representation of the amount, as it is given in the smallest possible form. The Satoshi was named after the Bitcoin inventor Satoshi Nakamoto, whose identity is still unknown to this day.

1 bitcoin is how many satoshi?

1 bitcoin equals exactly 100,000,000 satoshi. Due to this relatively simple conversion, the respective value can be determined quickly: A Satoshi is 0.00000001 BTC. The conversion factor is 100 million in each case. You can also convert satoshi into fiat currencies: at the time of writing, 1 satoshi is worth approximately $0.00003972. How small the unit is becomes particularly clear when it is represented as fiat money.

How can I earn Satoshi?

If you want to earn Bitcoin and therefore Satoshi, you have several options available. On the one hand, there is the possibility of Bitcoin mining, in which you are rewarded with shares of BTC for providing computing power. These can also be given in satoshi. Cloud mining is often a cheaper and more profitable alternative. On the other hand, there is the possibility of bitcoin trading. If you score here with a clever strategy, you can also earn Satoshi. Some websites also promise to give you cryptocurrency for answering surveys and playtests. Whether this is worthwhile and serious depends on the respective case.

What is the satoshi price?

A satoshi course does not exist in this way. Since the value is tied to Bitcoin as one hundred millionth of BTC at any point in time, only the Bitcoin price is relevant. For example, if you look at the BTC/USD currency pair, 1 BTC is currently worth $3,969.97. Accordingly, we arrive at a satoshi value of 0.00003970. You just divide the bitcoin amount by 100,000,000. A change in value only happens when the Bitcoin value goes up or down.

How much satoshi do I get for 1 euro?

Currently, 1 bitcoin is exactly €3,474.80. Accordingly, €1 is currently worth 0.00028779 BTC. This Bitcoin value is multiplied by 100 million to arrive at the desired Satoshi sum. So the calculation looks like this:

     BTC amount * 100,000,000 = Satoshi amount

     0.00028779 BTC * 100,000,000 = 28,779 Satoshi

For just €1, you would have received 28,779 satoshi in mid-February. Conversely, for 1 satoshi you received a dwindlingly small amount of euros.

Do I need a wallet for Satoshi?

Basically, you need a crypto wallet to store bitcoin. If you trade on an exchange, there is no way around a wallet. The only way to bypass a wallet is through CFD trading. With this you speculate on the course of a currency and do not need a wallet because you never physically own the coins. All payments are to be made in fiat currencies. In contrast, on exchanges, mining and bitcoin faucets, you get physical coins that have to be kept in wallets. Hardware wallets, which only have internet contact when executing a transaction, are particularly secure.

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Is there a Satoshi converter?

There are various Satoshi converters that make the calculations easier and relieve your calculator. On satoshitobitcoin.co you have about four conversion options available: Satoshi to BTC, BTC to Satoshi, BTC to USD and Satoshi to USD. If you are looking for more choice, you can also convert into euros and various other currencies around the world on bestchange.com. The most well-known digital currencies, such as Satoshi in Litecoin or Satoshi in Dogecoin, are also offered here. Various other websites offer similar converters for free use.