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Millibitcoin, or mBTC for short, is a unit of Bitcoin that is often used for smaller transactions. One-thousandth of a Bitcoin (0.001 BTC) is represented as mBTC because Bitcoin may be split into very tiny quantities. Because of this, it is more useful for daily transactions, particularly when handling smaller sums that could otherwise need a large number of decimal places in whole Bitcoins. For instance, you may describe it as 1 mBTC rather than 0.001 BTC.

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