What is a Satoshi?

Where do we get the name Satoshi from?

Taken from the original creator and mastermind behind bitcoin, Satoshi Nakamoto.

Simply put, “Satoshis” or “Sats” refers to the smallest fraction a BTC (BTC = Bitcoin) can be split into.

You can actually purchase fractions of a Bitcoin. So purchasing half a BTC would be ฿ 0.50 and that would be equivalent to .500000000 Satoshis.

1 Bitcoin is followed by eight zeros: ฿ 1.00000000

Please see chart:

Satoshi BTC
1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.00000010 ฿
100 Satoshi = 0.00000100 ฿
1,000 Satoshi = 0.00001000 ฿
10,000 Satoshi = 0.00010000 ฿
100,000 Satoshi = 0.00100000 ฿
1,000,000 Satoshi = 0.01000000 ฿
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿

For example purposes, let say the value of BTC right now is $1000.
If you wanted to invest $250 into BTC, you would purchase ฿ 0.25 of a BTC.

Many websites selling alt coins, such as Ethereum (ETH), Litecoin (LTC), and hundreds of others require that you use Bitcoin to purchase such alt coins.

So no doubt you will want to know exactly what your spending.
A lot of websites display very little information on the USD amount.
Exchanges such as Bittrex will show the live, 24hr high, 24hr low prices.
But what do you do when you want to purchase at a limit/specific price?

EXAMPLE:

Lets take the alt-coin Neo for example:

The last 24hr HIGH: $32.70 (USD) which translates into ฿ .00786000 Satoshis (Sats)

The last 24hr LOW: $27.27 (USD) which translates into ฿ .00655555 Satoshis

$32.70 = ฿ 0.00786000

$27.27 = ฿ 0.00655555

Current Value of BTC= $4,160.30

So you can see the difference is ฿ 0.00130445 Sats or $5.43.

PURCHASING ALT-COINS WITH BTC

What if you want to make a purchase at a specific price, let say $25.

Well how do you go about finding what $25 dollars is in Sats?

Thankfully here at The Crypto Space we got you covered!

Simply type in the amount and the calculator does the work for you!

Click here for a BTC Calculator!

Click here for a ETH Calculator!