An Introduction to SATS

SATS (1000SATS) is a BRC-20 meme token created as a tribute to Satoshi Nakamoto, the mysterious founder of Bitcoin. It represents the smallest unit of Bitcoin — a satoshi — which equals 0.00000001 BTC. Developed by an anonymous team, SATS is primarily designed for entertainment and to honor the cultural and historical importance of Bitcoin’s foundational unit.

Picture An Introduction to SATS 2 | TON app

How is SATS used?

SATS (1000SATS) functions as a memecoin celebrating Bitcoin’s creator. As a BRC-20 token on the Bitcoin network, it is available for trading on various cryptocurrency exchanges such as Binance, CoinDCX, Nominex, and Phemex. Common trading pairs include 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY.

How do I store SATS?

You can store SATS tokens using a compatible Bitcoin wallet since SATS are BRC-20 tokens on the Bitcoin blockchain. Here’s how:

  1. Choose a Bitcoin Wallet: Select a trusted Bitcoin wallet like Metamask, which supports multiple assets and blockchains, including BRC-20 tokens.

  2. Transfer SATS Tokens: After purchasing SATS, send the tokens to your Bitcoin wallet address, much like transferring ERC-20 tokens on Ethereum.

  3. Manage Your Tokens: Once stored, you can check your SATS balance, send tokens to others, or trade them like any Bitcoin asset.

Keep in mind that 1000 SATS equals 0.00001 BTC, so your Bitcoin wallet will manage them accordingly.

Picture An Introduction to SATS 3 | TON app

How to buy SATS?

Follow these steps to purchase SATS tokens:

  1. Select an Exchange: Find a reputable cryptocurrency exchange that supports SATS trading and operates in your region. Popular platforms include CoinSpot, Swyftx, Binance, and CEX.IO.

  2. Create an Account: Sign up and complete any required identity verification.

  3. Deposit Funds: Add money to your exchange account via supported payment methods such as bank transfer, credit/debit card, or others.

  4. Find SATS Market: Search for “SATS” or “1000SATS” within the exchange’s marketplace.

  5. Enter Purchase Amount: Specify how many SATS tokens you want to buy.

  6. Confirm Purchase: Review the details and confirm your order by clicking “Buy 1000SATS” or a similar button.

  7. Complete Transaction: Your purchase will be processed, and SATS tokens will appear in your exchange wallet shortly.

  8. Transfer to Hardware Wallet: For enhanced security, it’s recommended to move your SATS tokens to a hardware wallet like Ledger or Trezor.

Always choose reliable exchanges with reasonable fees, and store your tokens safely offline when possible.