1000 Satoshi = 0.00001000 Bitcoin (BTC)
Explanation: 1 satoshi is equal to 0.00000001 Bitcoin. Therefore, to calculate how many Bitcoins is 1000 satoshi, we need to multiply 0.00000001 by the number of satoshi (1000). 0.0000001 times 1000 gives us 0.00001000.
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A satoshi is the smallest unit of a bitcoin. It is equivalent to 100 millionth of a bitcoin.
This is similar to the relation between dollar and cent, except that cent is the hundredth of a dollar. While conversions between dollars and cents are easy, the same thing can not be said about bitcoin and satoshi. That is why this simple online tool was created.
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