What are mBTC, mETH, μBTC, mLTC and why do casinos complicate our lives in general?

Have you ever looked into your crypto casino balance and seen some mysterious mBTC, μBTC, or even mETH there? And the question immediately arises: "Am I getting rich or impoverished in one bet?" Well, let's figure it out in a human way, without abstruse terms and boredom.

Table of Content:

1. How to convert mBTC to dollars?

2. What kind of Satoshi, and why does the name of some Satoshi flash in your balance?

3. Ethereum, Litecoin, and all this crypto stuff

4. How not to get confused in mBTC and enjoy the game

5. Here are simple tips from a seasoned player:

6. Total

How to convert mBTC to dollars?

Look, what's the matter. When Bitcoin first appeared, you could use it to pay for pizza (hello to those who bought a pizza for 10,000 BTC). Now one bitcoin costs as much as a used BMW, and if the casino shows winnings in whole BTC, you can really not understand whether it was you who won or just got the change back.

So, so that no one panics, grabs a calculator and does not think that it has been heated, casinos began to use shortened units such as mBTC (millibitcoin) and μBTC (microbitcoin). The same applies to other cryptocurrencies: mETH, mLTC, and others.

It all looks scary, but in fact, everything is simpler than steamed turnips. For example:

• 1 mBTC = 0.001 BTC
• 1 μBTC = 0.000001 BTC

Well, then everything is on the roll. mLTC is 0.001 Litecoin, mETH is 0.001 Ethereum, and so on.

A simple example from a casino

Let's say you won 5 mBTC. If the bitcoin price is now, say, $92,000, then:

5 mBTC = 0.005 BTC = approximately $460.

Convenient, right? There is no need to analyze infinite zeros after the decimal point in your head. Everything is clear and to the point.

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What kind of Satoshi, and why does the name of some Satoshi flash in your balance?

Okay, we've figured out mBTC — it's a handy thing, especially if you don't want to calculate how much 0.00043111 BTC is worth after one successful spin.

Satoshi is not your friend from Tokyo, it is the smallest possible unit of Bitcoin, named after Satoshi Nakamoto, the same mysterious creator of bitcoin, about whom no one really knows anything until now.

1 BTC = 100 000 000 Satoshi.

Yes, yes, a hundred million! That is, one satoshi is 0.00000001 BTC. A tiny one, like a speck of dust on the screen, but at some point it can play a role, especially when the crypto goes to the moon again.

And now, attention, players – here's what it looks like in action:

How does it help you in the casino? It's very simple: if you see that you have won, say, 1500 μBTC, you can quickly estimate that this is 1.5 mBTC, and this, in turn, at the bitcoin rate of $92,000, will be about $138.

Ethereum, Litecoin, and all that crypto stuff

Okay, it seems clear with bitcoin, but what about other coins? After all, casinos are not limited to BTC only - in some you can spin slots on Ethereum, Litecoin, Dogecoin, and even some exotic coins.

Ethereum's minimum unit is called Wei, and if you think Satoshi is small – heh, hold on:

1 ETH = 1,000,000,000,000,000,000 WEI

That is, one ether is divided into as many as a quintillion parts. Why so many? Because the developers decided that "more zeros" is cool. But don't worry: you usually won't encounter this in a casino. Most often, the same principle is used as for bitcoin - mETH = 0.001 ETH.

Litecoin? Everything is the same:

• 1 mLTC = 0.001 LTC.

So if you suddenly decide to "change the cue ball to light", don't be surprised – you will again be greeted by small letters "m" in front of the ticker of the coin.

How not to get confused in mBTC and enjoy the game

Now that you know what mBTC, μBTC, Satoshi, mLTC, and mETH are, you can go to a crypto casino with a clear conscience and not feel like a tourist without a guide. Because, let's be honest, sometimes casino interfaces seem to be specially made for you to sit with a calculator, trying to understand how much you really bet and how much you won.

Here are simple tips from an experienced player:

• Don't panic when you see tiny numbers. If it says "0.00043111 BTC", convert to mBTC – it's 0.43111 mBTC. And if a bitcoin costs $92,000, then it's about $49.6. That's it, not so bad, right?
• Look at the coin rate before the game. This is especially important if you are depositing not in fiat, but in crypto. mBTC can be $40 today and $50 tomorrow — and the winnings will look completely different.
• Use the casino's internal calculators, if you have them. Some platforms (especially decent ones) show the dollar equivalent right in the interface.
• Keep your cool. Crypto is volatile. One day you win $100, and an hour later it's $92 or $108. That's part of the game. 

Total

So, the next time you see in the casino that you won 0.0032 BTC, don't run to the exchange. Just remember: it's 3.2 mBTC, and if the bitcoin rate is about $92,000, then it's about $254.

The world of crypto is frightening in its complexity only at first glance. In fact, all of these are just different ways to show you how much you've won (or lost) in a convenient way. The main thing is to understand how these things work and not lose your head with all these microbitcoins and satoshes.

And the main thing is to play wisely, don't bet the latter, and let mBTC be favorable to you.