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Why Use a Smaller Unit Like mBTC?

Bitcoin (BTC) is a highly valuable digital asset, and its price per coin can be quite high, making it impractical for many users to trade or transact with whole BTC units, especially for smaller amounts. To facilitate easier, more accessible trading and payments, Bitcoin is often subdivided into smaller units.
  • More Granularity: Using smaller units like mBTC (milli-Bitcoin) allows for finer granularity in pricing and trading.
  • Lower Barriers: It lowers the entry barrier for traders and investors who may not want or afford to buy a whole BTC.
  • Improved User Experience: Smaller units make it easier to quote prices and execute transactions that align better with users’ budgets or trading strategies.
  • Market Standard: Many platforms and wallets support subunits to improve liquidity and usability.

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What is mBTC?

  • Definition: 1 mBTC equals 0.001 BTC (one thousandth of a Bitcoin).
  • Conversion: Therefore, 1 BTC = 1000 mBTC.
This subdivision makes trading and pricing more flexible and convenient, especially in markets where Bitcoin’s high value might deter smaller trades.

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The mBTC-CNHO Trading Pair

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Overview

The mBTC-CNHO trading pair enables users to trade milli-Bitcoin against CNHO, the stablecoin based on the offshore Chinese Yuan (CNH).

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Why Focus on mBTC-CNHO?

  • Smaller Trading Units: By using mBTC, traders can make smaller, more precise trades without needing to commit to a full Bitcoin.
  • Better Price Matching: The smaller unit allows for more detailed price increments, facilitating smoother and more efficient trading.
  • Wider Accessibility: Enables a broader range of users, from retail traders to institutions, to participate in BTC-CNHO trading with flexibility.
  • Stablecoin Integration: CNHO offers a stable offshore RMB-pegged asset, which pairs well with mBTC for hedging and trading in Chinese Yuan terms.

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Handling mBTC During Deposit and Withdrawal

When depositing or withdrawing BTC in mBTC units, you only need to follow the simple conversion ratio: 1 BTC = 1000 mBTC
  • When submitting a deposit or withdrawal request, enter the amount in mBTC accurately according to this ratio.
  • For example, if you want to deposit 0.01 BTC, you should enter 10 mBTC as the amount.
  • This ensures clear, unambiguous transaction records and smooth processing on the platform.
By using mBTC for deposit and withdrawal forms, users can conveniently manage smaller Bitcoin amounts aligned with the trading unit used in the mBTC-CNHO pair.