Why do I see kSAT under Bitcoin?
On Base8, we use kSATs (kiloSatoshis) as the denomination for Bitcoin. One kSAT is equivalent to 1,000 satoshis or SATs. Displaying Bitcoin in KSATs makes it easier for users to understand and manage smaller, more precise amounts of Bitcoin, especially when dealing with transactions and investments that are less than a full Bitcoin - which would normally be displayed as small decimals of BTC.
Using kSATs also aligns with our mission to make Bitcoin more accessible and user-friendly, allowing for better granularity and simpler calculations when buying, selling, or trading smaller portions of Bitcoin.
How can I stack SATs with Base8?
To stack SATs (Satoshis) with Base8, follow these steps:
Go to the Trade Section: Open the Base8 app and navigate to the "Trade" section.
Select Bitcoin: Choose Bitcoin/kSAT as the cryptocurrency you want to trade.
Choose Order Type: Decide whether you want to place a Market order (to buy immediately at the current price) or a Limit order (to buy at a specified price).
Enter Amount: Enter the amount you want to buy in kSATs (kilo-satoshis), where 1 kSAT equals 1,000 satoshis.
Confirm Purchase: Review your order details and confirm the purchase.
By following these steps, you will be able to easily buy kSATs and start stacking SATs with Base8.