What is a Satoshi?

We talked about Bitcoin a lot on our site because using our Bitcoin BTMs is one of the easiest, fastest, and most secure ways to get it. However, we don’t spend much time talking about Satoshis, which are an important part of Bitcoin. We’re going to remedy that today, so read on to learn all about Satoshis.

Bitcoin is divisible into smaller pieces, the smallest of which is referred to as a Satoshi. Satoshis, or Sats, are named after Bitcoin’s creator, Satoshi Nakamoto. One Bitcoin consists of 100 million Satoshis.

What is the purpose of a Satoshi?

Satoshis are smaller parts of a Bitcoin, much like pennies are smaller parts of a US dollar. By making smaller denominations available, users are able to own some Bitcoin without needing to own an entire one, which has become more difficult to do as the price of the cryptocurrency has increased.

Can you use Satoshis?

You sure can. Anywhere you can use Bitcoin, you can use Satoshis. What’s amazing is that the list grows longer every day. There are plenty of retailers and merchants out there that will gladly accept Bitcoin as a form of payment.

Cell phone carriers, retail stores, restaurants, and sports venues are just a small sample of the places you can spend Satoshis. Of course, not everyone accepts Bitcoin — yet, so make sure you check before you try to pay with your Satoshis.

Where Can You Get Satoshi?

If you want to trade cash for Satoshi, just check out a Bitcoin Depot BTM. We have thousands of locations spread across the United States, so use our BTM locator to find one that’s near you. When you do, you’ll have a fast, easy, and safe way to add some Bitcon — and Satoshis — to your crypto wallet.