Satoshi to Bitcoin: What is Bitcoin? What is Satoshi? How Many Satoshi makes One Bitcoin? And is Bitcoin Worth Investing In?

    Cryptocurrency is trending in almost every part of the world today. Though it is facing a few resistances from certain people and few governmental bodies, this new concept is winning and it seems to have come to stay and replace the traditional fiat system of finance. So many factors give cryptocurrency an upper head, from the fact that it does not run a centralized form of system to the fact that it is quite easy to use, and also to the fact that it is less expensive to use, amongst so many other advantages. In this article, we shall be talking about Bitcoin, Satoshi, and how to convert Satoshi to Bitcoin.

    1. What is Bitcoin?

    Bitcoin is a type of cryptocurrency that was created by Satoshi Nakamoto, who is currently unknown. It is a form of digital money that gives room for easy and safe transactions online bitcoin is a decentralized form of payment that allows any type of person to send any amount to any part of the world easily, without having to involve a bank, government, or institution, and with very limited charges. Bitcoin works on a certain blockchain, independent of any company. One other unique thing about this asset is that anybody can own it. Another feature of bitcoin is that it has limited supplies, there will only ever be 21 million bitcoin and once it is exhausted, that is all. Bitcoin cannot possibly be inflated and it cannot be manipulated, also, even if you cannot afford to own a whole bitcoin at a time, you can always buy a little part of it that you can afford at a time.

    Bitcoin works as a computer file and it is stored in a digital wallet application on a computer or a smartphone. This digital wallet serves as storage for bitcoin as also as a place from which bitcoin can be sent to another person, and as a place to receive bitcoin. All transactions involving bitcoin are recorded on the blockchain, which is a public list, and this makes it quite easy to track the history of transactions involving bitcoin. There are various ways of owning a bitcoin, you can buy it directly with your money, or you can sell goods to people and ask them to pay you with bitcoin, and you can also mine them directly yourself through your computer. Mining bitcoin happens in a way whereby people solve certain problems in the bitcoin technology through their system, and they get rewarded with freshly minted bitcoin. Bitcoin has witnessed a huge acceptance from so many people and it is the number 1 crypto in the market today, topping first on the list. People adopt the use of bitcoin for so many reasons, starting from the fact that it is highly decentralized and not controlled by any governmental body, bank, or institution, to the fact that it is fast and quite easy to use, and also to the fact that so many high personality individuals have promoted this asset- the likes of Elon Musk. Talking about the risk involved with owning a bitcoin, it is quite difficult for anyone to spend or gain illegal access to your wallet as long as you are very careful with it and you take all necessary precautions. Be sure not to lose your wallet or share your private key with any third party.

    2. What is Satoshi?

    Satoshi is simply the smallest unit of Bitcoin. It is named after the unknown team or individual that is believed to be the creator of bitcoin- Satoshi Nakamoto. Just like a dollar is divided into cents, bitcoin is divided into satoshi. Lots of people might not be able to afford to own a full bitcoin at a time due to its high value, there is an option of buying just the option you can afford and that is in the form of satoshi. Satoshi presently represents a hundred million bitcoin and apart from the fact that satoshi makes it quite affordable for people to buy, it also makes bitcoin transaction and blockchain tracking very easy.

    3. How to Convert Satoshi to Bitcoin and How many Satoshis are in a Bitcoin?

    In every Bitcoin, there are one million satoshis. This makes satoshi the smallest unit of bitcoin that is presently being recorded on the blockchain. If you own one bitcoin, that means you own 1 million satoshis and if you own 1 satoshi, that means you own 0.00000001 of Bitcoin.

    Below is the Conversion rate of Satoshi to Bitcoin:

    1 Satoshi is equivalent to 0.00000001 Bitcoin

    10 Satoshi is equivalent to 0.00000010 Bitcoin

    100 Satoshi is equivalent to 0.00000100 Bitcoin

    1000 Satoshi is equivalent to 0.00001000 Bitcoin

    10,000 Satoshi is equivalent to 0.00010000 Bitcoin

    100,000 Satoshi is equivalent to 0.00100000 Bitcoin

    1,000,000 Satoshi is equivalent to 0.01000000 Bitcoin

    10,000,000 Satoshi is equivalent to 0.10000000 Bitcoin

    100,000,000 Satoshi is equivalent 1.00000000 Bitcoin

    4. Is Bitcoin worth Investing In?

    It should be noted that every investment carries its own risk and that is one of the reasons why it is good to always make your thorough research before investing in any coin or token. Buying or owning bitcoin (also known as BTC) or even satoshi (also known as SAT) comes with its own risk of not being able to ascertain what can happen to its value tomorrow. But overall, bitcoin has been doing very great and its holders have been benefitting quite a lot recently. Though it has gone through certain correctional processes, it bounces back in no time and even increases in its value than ever before.

    5. What are the Best Platforms to Buy and Sell Bitcoin?

    When buying and selling your bitcoin, make sure you make concrete findings and only do so on trusted platforms as there are lots of scammers out there ready to steal your money. Also, go for platforms that have terms and policies that suit you at that time as each exchange platform offer various terms and policies. The following are some of the best platforms to either buy or sell your bitcoin:

    5.1 Coinbase

    This is a very popular cryptocurrency exchange platform. Coinbase Digital Currency Exchange has great services and a lot of users. The deposit methods available on the platform include Credit/Debit Card, Wire Transfer,  PayPal, Cryptocurrency, and Bank Transfer. There are 69 cryptocurrencies available on the site and over 20  fiat currencies that include USD, DKK, CAD, JPY, GBP, and others.

    5.2 Gemini

    Gemini Cryptocurrency exchange is another trusted platform for you.

    The only deposit method that is available on the platform include is Bank Transfer(ACH). There are 41 cryptocurrencies available on the site and fiat currencies include USD, HKD, CAD, SDG, GBP, AUD, and EUR.

    5.3 Webull

    Webull Cryptocurrency Exchange is another leading one. This platform is known for trading only top-leading currencies and it is also quite easy to use.

    The deposit methods available on the platform include Wire Transfer and Bank Transfer. There are 8 cryptocurrencies available on the site and the fiat currencies available include USD, INR, JPY, EUR, GBP, HKD, CHF, AUD, CAD, and CNY.

    5.4 Kucoin

    This crypto-exchange platform is a trusted one and is not complicated to use. The deposit methods available on the platform include Credit/Debit Card, Wire Transfers,  PayPal, Cryptocurrency, and SEPA. There are up to 250 cryptocurrencies available on the site and over 50fiat currencies that include USD, JPY, GBP, and others.

    5.5 Robinhood

    Robinhood Cryptocurrency Exchange is easy to use and the platform trades cryptocurrencies that are topping the market.  The deposit methods available on the platform include Debit Card, Bank transfers, and Cash. There are 17 cryptocurrencies available on the site and the only fiat currency allowed is USD.

    Several other platforms are well trusted that you can buy from too, we cannot exhaust them all in this article. The main thing is to try to make necessary findings before choosing a particular platform.

    6. Conclusion

    Bitcoin is leading the financial market today and bitcoin, together with other top-ranking cryptocurrencies are almost ahead of fiat. This is for so many reasons, they are quite easy to use, less stressful, very fast, and they are not centralized at all. Bitcoin is not controlled or easily manipulated by any governmental body or any bank and so once you won your bitcoin, or smaller units of it in satoshi, you have full control of your asset yourself. So many institutions have adopted the use of bitcoin and they are still adopting it, so many top individuals too have so far promoted it, someone like Tesla owner, Elon Musk is a great promoter of bitcoin and even crypto as a whole. Like we stated, Satoshi simply means bitcoin in bits- meaning that if you cannot buy a whole bitcoin presently, you can buy buts of it in satoshi. In few years to come, Bin is sure going to have its value grow so high that even governmental bodies are likely going to adopt it, But till then, its holders keeps getting higher by the day and it keeps faring well in the market.


    • December 7, 8.00
      D. jhon shikon milon

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