In today’s world, the hype of investing in crypto is growing every day and so are the prices of various cryptocurrencies. Many people want to breach this form of investment. The barrier for them is the amount of money required for a single crypto coin and another one is a lack of knowledge on how to buy one. However, there is a solution to it which is nowadays in the limelight, and that is sats crypto. In this article, we are going to understand where to buy sat coins and how you can trade in the same.
Introduction: Where to Buy a Sat Coin?
Satoshi, commonly called Sat coin, is the smallest unit of Bitcoin (BTC). The name of Sat coin originates from the name of the creator of Bitcoin, Satoshi Nakamoto. The advantage of Sat coin is that it can be bought in small amounts without any minimum cap and at the same time can be traded for alternative cryptocurrencies like Bitcoin and Ether.
There has been confusion as to how Satoshi to bts conversion is done, so that better judgment can be made over the purchasing of sats crypto. To clear the fog around this, we should know that 1 bitcoin = 100,000,000 sat coins and 1 satoshi = 1 dollar
Where to buy Sat coin?
There are various crypto exchanges platforms on which one can trade cryptos for money of other cryptos. Since sats crypto is gaining popularity, it has been made available on the majority of crypto exchanges. One can buy and sell sat coins on these crypto exchanges and thereby purchase Ether and other digital currencies. With a hundred million sat coins, one bitcoin can be bought, whereas 3 million sat coins are required to buy 1 Ether (ETH).
When the world is moving at a fast pace towards digital transformation, traders are also inclined to make digital payments through cryptocurrencies like bitcoin, ether, etc. Though the payment through crypto has added convenience to the life of traders, the ever-increasing price of bitcoin and ether has made it hard for traders to hold even a single bitcoin.
The bitcoin price as of today is $42, 615, sats crypto plays a major role here. It is available at a very low price, giving a chance to these traders to buy high-priced cryptocurrencies. To give you clarity on the conversion of satoshi to btc, if you buy 50,000 sat coins, you will get 0.0005 BTC.
With the ever-increasing rate of bitcoin and ether, even owning a part of these cryptocurrencies will be beneficial for you since it will add to the value of the sat coin you won. Apart from buying other cryptocurrencies, sats crypto can be used for making payments since Sat coins can be used to buy any desired crypto according to the preference of the receiver.
Now that you are aware of the advantages of the sat coin, you should know where to buy sat coins from, let’s find out.
The value of Sat coin is derived from BTC, so you can either buy sat coin separately for payment purposes or to exchange it for bitcoin or ether. There are various crypto exchange platforms from where you can buy satoshi, but you also have to be aware of the ones that don’t have a satoshi, like Coinbase.
Major crypto exchanges for trading Satcoin and Bitcoin are Binance, Coinmama, Kraken.
Here are a few steps for trading on these platforms:-
- Visit an exchange platform: Nowadays with the growing hype of crypto, many exchange platforms have come into the market. It adds to the responsibility of selecting the right platform according to your preferences. So, if you’re caught on the question of where to buy a sat coin, here’s the place.
Also, a major threat that has been discovered lately is the appearance of fake or unauthentic sites. So thorough research about the exchange platform is necessary to protect your money and information.
- Opening an account: This partly answers your question about where to buy sat coins. Every crypto requires you to open an account on their platform. For this purpose, they have a registration section where you can fill in your information and get started.
Almost all the platforms have their apps on Android as well as iOS, but I have found it easier to open an account by visiting their website. To open an account you might need your details, a valid phone number, and email address, and a strong password.
- Buy Sat cryptos: Sat coins can be bought by using US dollars or Bitcoins. The mode of payment is a debit card, credit card, or even through a bank account. The number of sat coins that can be bought by using 1 US dollar can be checked on the exchange platform. It has been rumored that 1 satoshi = 1 dollar, whereas this is not true.
According to the ongoing rates, one can buy 1,640 satoshis for 1 US dollar. You can also buy satoshi using bitcoin. For this first, you need to have bitcoin or buy it from the crypto exchange. The exchange rate of bitcoin and satoshi has been mentioned above. The process can be taken further by connecting the bitcoin wallet with the exchange platform and going to the spot trading option and then clicking on Exchange.
Still questioning, where to buy sat coins?
In the new age, cryptocurrency is turning into a game-changer in the translation world, amidst all the glamour that it has it is also important to be well-researched while taking a step towards it. Sat coins are one such bling in a bucket full of options and we hope that through a detail-oriented approach you can make wonders out of it.
Cryptocurrencies and digital transactions are an important part of modern finances and the right steps can be exponentially profitable. I hope your various doubts and queries about the value of 1 satoshi and 1 dollar, as well as where to buy sat coins have been cleared through this article. You can now confidently proceed on your journey to crypto transactions.