How to convert your USD to Satoshi
Here are the steps you need to follow in order to see the value of your USD in Satoshis:
- In the calculator above, enter the amount of your USD in the top box.
- Once you have entered the amount, press Enter on your keyboard.
You will instantly see the value of your USD in Satoshis.
You can also use this USD to Satoshi converter in reverse. This means that you can enter the number of Satoshis you have, and see how many USD could receive for them. To find out more about this, click here.
Why use a USD to Satoshi converter?
This tool has been built to help Bitcoin enthusiasts calculate the amount of Satoshi they could receive if they exchanged a particular amount of USD.
It can be great for people who wish to invest a small part of their salary into Bitcoin on a week-over-week or month-over-month basis. It is also useful for people who want to buy Bitcoin in small amounts.
Keep in mind that this tool only estimates the value of your funds – it does not perform an actual exchange.
What is a Satoshi?
There is still a knowledge discrepancy when it comes to the Satoshi measure. Some people even confuse this, thinking that others refer to the founder(s) of Bitcoin instead of a small part of a BTC.
In essence, Satoshis are a subdivision measure for Bitcoin. It’s exactly the same as dividing USD into cents, only on a larger scale.
How many Satoshis is in one Bitcoin?
One Bitcoin can be divided into 100,000,000 units (8 decimals). Each one of those units is known as a Satoshi.
You can use the converter above to better understand how many Satoshis (or part of a whole Bitcoin) you could receive if you decide to exchange your dollars.
How did the name occur?
When the popular cryptocurrency was first created, there was no subdivision measure to best calculate smaller portions of a coin. Through discussions on the popular forum Bitcointalk, the community decided to name these division measurements Satoshis.
Satoshis are named after the creator of Bitcoin, Satoshi Nakamoto, as a tribute to his invention and a sign of respect.
From that moment onwards, smaller amounts of Bitcoin, like 0,000010 BTC were simply referred to as 10 Satoshis.
How are Satoshis represented?
It is well known that Bitcoin has its own symbol, which was recently made into a sign emoji: ₿
However, Satoshis went on for a long time without any sort of symbol. Lately, the community seems to agree that the official symbol is the following:
To illustrate our point, here’s how this would look like:
0,01 Bitcoin is worth シ1,000,000.
How much is one Satoshi?
The value of a Satoshi, when measured in USD, is pegged to the value of Bitcoin. This is because Satoshis are simply a small part of one Bitcoin.
Here is a simple calculation you can do to estimate how much is one Satoshi:
- Assume X=current price of 1 Bitcoin, and Y the amount of USD you have
- 1 Satoshi = X/100,000,000
- Replace X with the current price of 1 Bitcoin and divide it with 100,000,000 – voila, that’s the price of 1 Satoshi at the moment.
Or, to make things easier – USD to Satoshi calculator.
How can I grow the value of my Satoshis?
This has often been repeated in our blog, and for a good reason. The best strategy to increase the value of your Satoshis is to buy and hold Bitcoin.
Another way to earn Satoshis passively, and thus increase the value of your sats, is through Bitcoin mining. You can calculate how many Satoshis you are expected to receive through this method by clicking here.
What will a Satoshi be worth in the future?
Bitcoin is getting more and more regulated and accepted as a viable payment method. Global acceptance favors its value. Additionally, upcoming events seem bullish for Bitcoin’s price.
As such, we can speculate that the value of Satoshis will soon increase. More specifically:
- If Bitcoin sees a growth in its price, so will the price of a Satoshi.
- If Bitcoin experiences a decrease in price, the same will happen to Satoshis.
Where to exchange USD to Satoshi?
The best way to exchange USD to Satoshi is through a cryptocurrency exchange. And the simplest way of doing so is through Paybis.
You can buy anywhere from a few Satoshis to multiple Bitcoins using many different payment methods.
Click here to get started.