What is a satoshi or sat? When trading bitcoin or other cryptocurrencies you are most likely trading it against bitcoin. It is important to understand what a satoshi is and how many decimal places they have. 1 satoshi is, 0.00000001. Saying that 1 bitcoin can split up to 100 million pieces, so you do not need to buy a full bitcoin if you cant afford it. You can buy bitcoin and other cryptocurrencies in pieces. Satoshis are also referred to as sats. Basic understanding of satoshi values is needed for trading bitcoin and other cryptocurrencies, which we get into in this episode.

Thank you for supporting Everything Crypto. This is episode 035 of Everything Crypto