Let’s say you have 0.00929204 Litecoin and you want to convert it to 0.000099 Bitcoin. Unfortunately, it seems to be hard to do this for free.1
But there seems to be a minimum purchase of Bitcoin on Coinbase Pro in the amount of 0.001 Bitcoin.
So you might have to buy more Litecoin then convert it all to Bitcoin, which seems like a pain.
It would be nice if you could just “transfer all” of a particular crypto into another crypto with a single click.
What is 0.001 Bitcoin Called?
It’s too bad the minimum amount of Bitcoin that can be bought using another crypto on Coinbase Pro doesn’t have a formal name…
Like a “Bitbase” or “Basebit” or something.
As of now, it’s just known as 100,000 Satoshi. One Satoshi is one one hundred millionth of a Bitcoin…
The Satoshi table of Bitcoin value is as follows:
- 1 Satoshi = 0.00000001 ฿
- 100,000 Satoshi = 0.00100000 ฿
- 1,000,000 Satoshi = 0.01000000 ฿
- 10,000,000 Satoshi = 0.10000000 ฿
- 100,000,000 Satoshi = 1.00000000 ฿
If you know of a way to transfer a tiny amount of one crypto for another for free, let me know…! 🙂