How to buy Bitcoins
How to buy Bitcoins
Misconceptions about Bitcoin common to laymen are many who think Bitcoin should be purchased one (1) unit altogether. And unfortunately, after looking at the price of 1 Bitcoin which is quite high (when this article was written the price of one Bitcoin = Rp 151.066.875), many immediately undo his intention to buy Bitcoin. But in fact, if they are looking for more complete information about Bitcoin, they will find that Bitcoin can actually be broken down into smaller units. Bitcoin can be purchased, sold, shipped and received in the form of ' fractional '; Which means we do not have to transact using "one " Bitcoin at once.
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Just like all fiat currencies (currencies issued by a country), that can be broken down into cents, 1 BTC (Bitcoin unit) can be broken into smaller units up to eight decimals: 0.00000001 BTC. The smallest fraction of Bitcoin is known as ' Satoshi ', where the name is derived from the name of a person or group of people who created Bitcoin. So, how many satoshis in 1 Bitcoin? In 1 BTC There are 100 million (one hundred million) Satoshi.
If you are confused with the Bitcoin fraction as explained above, the Bitcoin company can be used as a platform to determine the amount of Rupiah you need to pay to buy the number of Bitcoins you want. For example, you have a money of Rp 5.000.000 to buy Bitcoin, if the price of 1 BTC is Rp 100,000,000 at the time, then the amount of Bitcoin you will receive is 0.05 BTC. Conversely, if you want to buy, for example, 0.1 BTC, then the calculator in the Bitcoin company will usually calculate the nominal Rupiah you need to pay for that amount.
The price of Bitcoin has increased significantly in recent times. In order to be used for daily transactions, people begin to perform calculations in smaller units (decimals).
By breaking it down into smaller units it makes Bitcoin usable and affordable for all its users. So, if the price of Bitcoin continues to rise to hundreds of millions of dollars, it allows people to buy a small fraction of Bitcoin.
Bitcoin Measurement units
The Bitcoin measurement Unit follows the International System of Units, a global measurement standard that has been in use for centuries. The most commonly used Unit is "bitcoin ", which is sometimes written in bits, satoshis, and other writing
Unit of Value (BTC)
BTC (Bitcoin) 1
cBTC or Bitcen 0.01
mBTC or Millibit 0.001
BTC or Bits 0.000001
Finney 0.0000001
Satoshi 0.00000001
Nowadays most Bitcoin platforms only use Bitcoin as a measurement unit: e.g. 1 BTC, 0.001 BTC and so on, but the fraction of the above-mentioned units will probably start to use in some future time.
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