A satoshi is the smallest unit of bitcoin that can be recorded on its blockchain. One bitcoin is equivalent to 100 million satoshis. In other words, a satoshi is the same as 0.00000001 BTC. That’s eight decimal places to be exact. We use satoshi the same way we use cents or pennies as smaller units on the dollar or pound.
A unit of bitcoin is currently trading at $6227. Something worth $10 will cost you 0.0016BTC if you were to pay in bitcoin.
Now, most goods and services are not denominated in such small numbers. The same 0.0016 BTC can still be expressed as 16,000 satoshis. That’s a more relatable number compared to the previous number.
Satoshis are often used to make small payments usually for small online tasks like playing games, completing captchas and the like. Satoshis provide marketers are a very convenient way to pay small sums that would otherwise be impossible with fiat. One click may thus be monetised to be worth 1 satoshi.
Converting bitcoin to satoshis and vice versa is all about playing with a few decimal places. However, you can easily get it wrong and lose a lot of money. Luckily, there are several satoshi calculators available.
Here are five of the best satoshi calculators online. But first, let’s play with a few numbers to give you a clear idea.
|1 Satoshi||0.00000001 bitcoin|
|10 Satoshi||0.00000010 bitcoin|
|100 Satoshi||0.00000100 bitcoin|
|1,000 Satoshi||0.00001000 bitcoin|
|10,000 Satoshi||0.00010000 bitcoin|
|100,000 Satoshi||0.00100000 bitcoin|
|1,000,000 Satoshi||0.01000000 bitcoin|
|10,000,000 Satoshi||0.10000000 bitcoin|
|100,000,000 Satoshi||1.00000000 bitcoin|
With this table, you can easily convert satoshi to btc. Play around with the numbers to get the hang of it. Try converting 0.01 btc to satoshi for example or 15000 btc to satoshi.
Satoshitobitcoin.co is one of the best satoshi calculators available online. While here, you can calculate
- Bitcoin to USD
- Satoshi to USD
- Satoshi to BTC
Bestchange.com is another great satoshi calculator. Apart from converting btc to satoshis, you can convert satoshis to practically any major fiat and vice versa. This calculator has the live rates for bitcoin. The good thing is your conversions will simultaneously be displayed in several other major fiat and cryptocurrencies.
How much is 20,000 satoshi worth? Just enter the value into the calculator and you will get your answer in GBP, USD, Ether, Dogecoin and even in gold.
You can convert 6000 satoshi to ethereum, 10 satoshi to usd, 15,000 satoshi to usd, 4 satoshi to usd or just about any conversion you can think of.
Cryps.info is another great page where you can do your satoshi conversions. The good thing here is you can choose literally any fiat currency in the world you want to convert to. All you have to do afterwards is to enter your satoshi value like 20,000 satoshi to usd or 4 satoshi to usd.
Whether you want to find how many satoshis your $100 investment will buy or just want to know how many satoshis you own, there are several satoshi calculators available.
Here is a guide on buying bitcoin.