I'm new to crypto and keep hearing about "satoshis." How do these relate to Bitcoin? Is this just another way to measure small amounts, or is there more to it?
Great question! Satoshis are the smallest unit of Bitcoin, named after its creator. There are 100 million satoshis in a bitcoin , which means 1 satoshi = 0.00000001 BTC. This tiny denomination makes Bitcoin practical for small transactions.
The Paybis converter tool shows why this matters - when BTC's price is high, dealing in satoshis is often easier than calculating fractions of a whole Bitcoin. It's like cents to the dollar, but more divisible!