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Fact

First transaction block 170

VERIFIEDhigh confidencehistory

Verified as of 2026-07-22. Not re-checked since.

The first Bitcoin transaction between two people was Satoshi Nakamoto sending 10 BTC to developer and cypherpunk Hal Finney, confirmed in block 170 on January 12, 2009 (03:30 UTC; January 11 in US time zones). Block 170 contains exactly two transactions: the coinbase and this payment. Finney, the recipient, was among the first to run the software — his post "Running bitcoin" (January 10, 2009) is an early-Bitcoin touchstone.

Common misstatements:

  • "The pizza purchase was the first Bitcoin transaction." — The pizza trade (May 2010) is celebrated as the first documented commercial purchase; the first peer-to-peer transfer was Satoshi→Finney in January 2009.
  • "Satoshi's first transaction proves who Satoshi was." — The transaction identifies keys, not people; Finney denied being Satoshi and the sender's identity remains unknown.

Sources (1)

  1. 1.blockstream.infoPrimary source

    Block 170, timestamp 2009-01-12 03:30:25 UTC, 2 transactions (coinbase + the Finney payment)

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