Bitcoin units
BTC is the most well-known unit of Bitcoin and is typically used for large transactions. For smaller amounts, there are sub-units such as millibitcoin (mBTC), bit (μBTC), and the smallest possible unit, the satoshi (sat). These units make it easier to represent small Bitcoin values, for example in microtransactions or mining payouts.
Overview and explanation of Bitcoin units
Bitcoin (BTC): BTC is the base unit of the Bitcoin cryptocurrency. When people refer to "Bitcoin", they usually mean this unit.
Millibitcoin (mBTC): One millibitcoin equals 0.001 BTC – one thousandth of a bitcoin.
Bit (μBTC): One bit (also called microbitcoin) equals 0.000001 BTC – one millionth of a bitcoin.
Satoshi (sat): One satoshi equals 0.00000001 BTC – one hundred millionth of a bitcoin. The satoshi is named after Bitcoin’s anonymous creator, Satoshi Nakamoto.
Conversion table for Bitcoin units
| Unit | Bitcoin (BTC) | Description |
|---|---|---|
| Bitcoin (BTC) | 1 | Base unit of the Bitcoin network |
| Millibitcoin (mBTC) | 0.001 | 1 mBTC is 1/1,000 of a bitcoin |
| Microbitcoin (Bit) | 0.000001 | 1 bit is 1/1,000,000 of a bitcoin |
| Satoshi (Sat) | 0.00000001 | 1 sat is 1/100,000,000 of a bitcoin |
Bitcoin explained in a nutshell
Bitcoin is a digital peer-to-peer currency based on blockchain technology. Instead of being controlled by a central authority like a government or central bank, Bitcoin is maintained by a constantly growing network of participants, making it highly decentralized and resistant to censorship or control.
Where can I buy Bitcoin for the lowest price?
OKX offers the lowest price for 0.02 Bitcoin (BTC) at $1,197.99. Our calculator compares Bitcoin prices from some of the most popular crypto exchanges, such as OKX, Kraken, Crypto.com and Bitget. ().