A Satoshi (sometimes referred to as “sats”) is the smallest denomination of Bitcoin — like cents are to dollars. One Satoshi is a 100 millionth of a Bitcoin (1 Satoshi = 0.00000001 Bitcoin). For example, if you have 0.0357 Bitcoin, that would be the equivalent of 3,570,000 Satoshis. It’s becoming more popular for Bitcoin users to account for their holdings in Satoshis, hence why our Bitcoin rate converter has the option to convert from Satoshis to other currencies.