Bit vs Byte (difference & similarity between them)

BITS VS BYTES DIFFERENCE BETWEEN THEM 

Bits/Bit	Byte
1.bits full form- Binary digits	Bytes full form- Binary terms
2.Bit is smaller than byte	Byte is bigger than bits
3.1Bits= 1/8 Bytes	1 Byte= 8bits
4.Bit is slower than byte (example-1Mbps is slower than 1MBps)	Byte is faster than bits (example-1MBps is faster than 1Mbps)
5.Bit symbol is "b" (ex- 1Kb= 1kilobits, 1Mb=1Megabits	Byte symbol is "B" (ex- 1KB=1KiloByte, 1MB=1MegaByte)
6.Bit is the smallest unit of data used in computer.	Byte is the 3rd smallest unit of data used in computers (2nd is Nibble. 1Nibble= 4bits)
7. It's work is to measure the amount of data	It's work is also to measure amount of data.
8. Bit is mainly used to measure data transfer speed. (ex-download speed, upload speed, file transfer speed etc. are measured in Mbps or Gbps)	8.Byte is used to measure storage. (ex- internal memory is 16GB ,CD, pendrive)