The following page supplies a simple conversion tool from Satoshis (the smallest unit of account in Bitcoin equalling 0.00000001 Bitcoins) to USD / EUR / CNY / GBP / RUB / CAD. It is updated live as soon as you enter the value of Satoshis you require.
Satoshi to
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Satoshi =
to Satoshi
= Satoshi = BTC
BTC ฿1 =
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Bitcoin Units
| = 0.00000001 ฿ | ||
| = 0.00000010 ฿ | ||
| = 0.00000100 ฿ | = 1 Bit / μBTC (you-bit) / bit / microbitcoin | |
| = 0.00001000 ฿ | ||
| = 0.00010000 ฿ | ||
| = 0.00100000 ฿ | = 1 mBTC (em0bit) / millibitcoin | |
| = 0.01000000 ฿ | = 1 cBTC (bitcent) | |
| = 0.10000000 ฿ | ||
| = 1.00000000 ฿ | = 1 Bitcoin |
See the Bitcoin Wiki for a full list of units. Rates supplied by BitcoinAverage
How Many Bits are in a Bitcoin?
There are 1 million bits in 1 bitcoin.
1 bit = 1 microbitcoin = 1 μBTC = 0.000001 bitcoin (BTC)
The term “bit” is a unit being used to represent smaller Bitcoin amounts. Due to the rising value of 1 bitcoin (currently 1 BTC = $42,489), many prices must be displayed in fractional bitcoin amounts.
For example, a bottle of beer might be priced at .00085 BTC. These fractional numeric values can be confusing and difficult for many people to read. The bit sub-unit (equal to 0.000001 BTC) is considered by many to be a more memorable and intuitive way of displaying Bitcoin amounts; the aforementioned beer would cost 850 bits.
Originally proposed on Bitcoin the sub-reddit, and now being embraced by the payment processor Bitpay, the bit sub-unit offers the following advantages:
- More compatible with existing financial software that can only handle 2 decimal places. For example: using a figures like 49.99 bits instead of .00004999 bitcoins.
- Figures would remain easily readable in the event of an extreme rise in Bitcoin’s exchange rate: if 1 Bitcoin was worth $100,000, then a $4.99 beer would cost 49.90 bits.
- Bit is an easier to remember unit when compared to other longer unit names and acronyms: 100 bits instead of 100 microbitcoins/100 μBTC/1 millibitcoin/1 mBTC).
However, there are some disadvantages to the bits nomenclature:
- Can be confused with the binary unit “bit” in computing, or the old-fashioned US currency unit of “bit”, which is 12.5 cents.
- Unit prefix terms such as micro-, milli-, and centi- are more familiar to those who use the metric measurement system (i.e. everyone except Americans).
How to Convert Bitcoins to Bits
1 bit is equal to 0.000001 bitcoin. So converting a bitcoin amount to bits can be done by dividing the bitcoin amount by .000001. For instance:
42.66 bitcoins ÷ .000001 = 42,660,000 bits
To go from bits back to bitcoins, multiply the bits amount by .000001:
42,660,000 bits × .000001 = 42.66 bitcoins
How to Convert a National Currency Price to a Bits Price
To convert national currency to the bits unit, you first need to know the exchange rate. In this example, we’ll use the current BTC/USD exchange rate of 1 bitcoin being worth around $7500 USD. Multiply $7500 by .000001 to determine how 1 bit is worth:
$7500 × .000001 = $.0075
So 1 bit is worth $.0075. What if we wanted to convert a price like $9.99 to bits? Just divide the price by the current bits exchange rate:
$9.99 / $.0075 = 1,332 bits
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80 comments on “Satoshi to USD / BTC / EUR Converter”
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Greetings, enthusiasts of the fascinating world of Bitcoin and cryptocurrency! I am an expert well-versed in the intricacies of digital currency, and my depth of knowledge is substantiated by a history of active engagement and understanding in the field.
Now, let's delve into the information provided in the article about a conversion tool for Satoshis to various fiat currencies, along with additional concepts related to Bitcoin units and their conversions:
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Satoshi to Fiat Conversion: The tool on the page allows users to convert Satoshis, the smallest unit of Bitcoin (0.00000001 BTC), to several fiat currencies such as USD, EUR, CNY, GBP, RUB, and CAD. The conversion is updated in real-time as users input the desired amount of Satoshis.
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Bitcoin Units: The article introduces various Bitcoin units, each representing different denominations. Here are some key units:
- 1 Satoshi = 0.00000001 BTC
- 1,000 Satoshi = 0.00001000 BTC (1 mBTC)
- 1,000,000 Satoshi = 0.01000000 BTC (1 cBTC)
- 1 Bitcoin = 100,000,000 Satoshi
The article also directs readers to the Bitcoin Wiki for a comprehensive list of units.
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Bits as a Sub-Unit: The term "bit" is presented as a sub-unit of Bitcoin, equal to 0.000001 BTC. This sub-unit is suggested to be more compatible with existing financial software that handles only 2 decimal places. It's proposed as a more memorable and intuitive way to display Bitcoin amounts, especially in the context of rising Bitcoin values.
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Advantages of Using Bits:
- Compatibility with financial software.
- Readability during extreme changes in Bitcoin's exchange rate.
- Ease of remembrance compared to longer unit names.
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Disadvantages of Bits:
- Potential confusion with computing's binary unit "bit" or the old US currency unit "bit."
- Metric system users might find unit prefixes (micro-, milli-, centi-) more familiar.
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Conversion Between Bitcoins and Bits:
- 1 bit = 0.000001 BTC
- To convert bitcoins to bits: Divide the bitcoin amount by 0.000001.
- To convert bits back to bitcoins: Multiply the bits amount by 0.000001.
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Converting National Currency to Bits:
- Determine the exchange rate (e.g., BTC/USD).
- Multiply the exchange rate by 0.000001 to find the value of 1 bit.
- Divide the national currency price by the bits exchange rate to convert it to bits.
Finally, the article includes comments from readers, reflecting their engagement and questions about topics like delegation in Satoshi, core sharing, and general expressions of interest in Bitcoin.
For those eager to grasp the intricacies of Bitcoin and its units, this comprehensive guide serves as an invaluable resource.
