More Examples

“Some exchanges use ‘XBT‘ for Bitcoin… others use the popular ‘BTC.'”

“Send me some XBT… I’ll text you my bitcoin address.”

“It can be confusing to newbies but XBT is the same as BTC.”

Definition(s) from the Web

  1. The ISO 4217 currency code for Bitcoin is XBT. However, at the moment it is an unofficial code according to the ISO 4217 standard. The unit name BTC is also commonly used to represent one bitcoin, but it violates ISO 4217 because it begins with “BT”, the country code of Bhutan. Bhutan does not actually use the code BTC for any currency, and XBT has not yet defined which unit it represents (just that it represents some unit of bitcoin), so the Bitcoin community is likely to continue using mainly BTC as a unit name and currency code for some time. Source
  2. The popular ticker name ‘BTC’ violates ISO 4217, and as according to this standard, it goes against the currency of Bhutan. According to ISO 4217, which defines rules for national currencies and their nomenclatures and also non-government-backed assets such as Gold (XAU) and Silver (XAG), the first 2 letters of the 3 letter character should denote the country code and the last letter should denote the initial letter of the national currency… So “BTC” conflicts with Bhutan’s currency which is BTN (Bhutanese Ngultrum). That’s why some use the alternative ticker name “XBT.” Source
  3. The unit of account of the bitcoin system is a bitcoin. Ticker symbols used to represent bitcoin are BTC and XBT. Its Unicode character is ₿. Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), and satoshi (sat). Named in homage to bitcoin’s creator, a satoshi is the smallest amount within bitcoin representing ​1⁄100000000 bitcoins, one hundred millionth of a bitcoin. A millibitcoin equals ​1⁄1000 bitcoins; one thousandth of a bitcoin or 100,000 satoshis. Source

See Also

BTC


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