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Convert Satoshi to Canadian Dollar CAD - Satoshi Canadian Dollar Calculator

Satoshi
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Satoshi BTC

Convert Canadian Dollar to Satoshi

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Satoshi
Important: Comma separates thousands and millions, and point separates decimals.
Bitcoin BTC

Current Bitcoin / Satoshi Price Canadian Dollar

1 Satoshi = 0.00114230 CAD

1 Bitcoin = 114,229.76 CAD

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Convert Satoshi to CAD Canadian Dollar and CAD to Satoshi

Satoshi BTC

Satoshi & Bitcoin to Canadian Dollar Conversion Table

Satoshi Canadian Dollar Bitcoin Name
1 Satoshi 0.00114230 CAD 0.00000001
10 Satoshi 0.01142298 CAD 0.00000010
100 Satoshi 0.11422976 CAD 0.00000100 1 Bit / μBTC (you-bit)
1,000 Satoshi 1.14229760 CAD 0.00001000
10,000 Satoshi 11.42297599 CAD 0.00010000
100,000 Satoshi 114.22975988 CAD 0.00100000 1 mBTC (em-bit)
1,000,000 Satoshi 1,142.29759878 CAD 0.01000000 1 cBTC (bitcent)
10,000,000 Satoshi 11,422.97598785 CAD 0.10000000
100,000,000 Satoshi 114,229.75987847 CAD 1.00000000 1 Bitcoin - BTC

What is a Satoshi?

A Satoshi is the smallest unit of a Bitcoin, the most well-known and widely used cryptocurrency. It is named after the pseudonym of the Bitcoin's creator, Satoshi Nakamoto. Each Bitcoin is divisible to the eighth decimal number, meaning it can be divided into 100,000,000 Satoshis (one hundred million), which means that one Satoshi is equal to 0.00000001 Bitcoin.

In Canadian Dollar currency, a Satoshi currently equals 0.00114230 CAD.

Use of Satoshis:

The small denomination of Satoshis allows for various forms of usage. The utilization of Satoshis is ideal for microtransactions, that is, transactions that involve small amounts of money, such as tips for content creators, payments for low-cost content, or transactions within blockchain-based applications.

In addition, the use of Satoshis can make Bitcoin transactions more comprehensible and easily readable, as instead of dealing with multiple decimals of a Bitcoin for small transactions, users can work with whole numbers of Satoshis.

Other Denominations of Bitcoin fractions:

Besides Satoshis, there are other denominations used to describe fractions of Bitcoin. These include:

  • Microbitcoin (µBTC): 1 µBTC is equal to 0.000001 Bitcoin, or 100 Satoshis, currently equivalent to 0.11422976 CAD in Canadian Dollar.
  • Millibitcoin (mBTC): 1 mBTC is equal to 0.001 Bitcoin, or 100,000 Satoshis, currently equivalent to 114.22975988 CAD in Canadian Dollar.

These larger denominations are also used in certain contexts, especially when transactions involve larger amounts of Bitcoin than just a few Satoshis but still less than a full Bitcoin.

The Satoshi, the smallest denomination of Bitcoin, plays a vital role in the economy of cryptocurrencies. It facilitates microtransactions and makes Bitcoin transactions more manageable and comprehensible. Along with other denominations like the microbitcoin and the millibitcoin, the concept of Satoshi denomination helps Bitcoin users in their everyday use more effectively.