Assets, Bitcoin

What Is the Stock Symbol for Bitcoin?

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin is unique in that there are a finite number of them: 21 million.

NOTE: Warning: Trading in cryptocurrency such as Bitcoin may be highly speculative and carries a high level of risk. There is no guarantee of future performance. The stock symbol for Bitcoin is not standardized, therefore it is important to do your own research and use reliable sources to determine the symbol used by a particular exchange. Always consult a qualified financial advisor before investing in any cryptocurrency.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

The stock symbol for Bitcoin is BTC.

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