BTC - Bitcoin

Our currency rankings show that the most popular Bitcoin exchange rate is the BTC to USD rate. The currency code for Bitcoins is BTC, and the currency symbol is ฿. Below, you'll find Bitcoin rates and a currency converter.

Bitcoin information
Bitcoin is a decentralized virtual currency. This currency is exchanged digitally and managed by a peer-to-peer network, rather than a central bank or authority. The supply of Bitcoins is automated and released to mining servers; with a limit of 21 million Bitcoins being reached by 2140. Each Bitcoin is a piece of code that has its own transaction log with timestamps. The coins are stored in an owner's virtual wallet and can be transferred and exchanged for goods and services. Transactions are public and although they are relatively anonymous, it is possible trace identities back to real-life individuals. There is debate as to whether or not Bitcoin should be considered a currency, a commodity, or a hybrid of both.

Risks in Using Bitcoins
Bitcoins are associated with a high level of risk, as they are volatile, not time-tested, and currently under no regulation or legislation. There have been incidents of online Bitcoin wallets being compromised by hackers leading to theft of Bitcoins.

Bitcoin History
Introduced in 2009, Bitcoin was created by a developer or group of developers going by the pseudonym Satoshi Nakamoto. Initially the value of the currency was set by users on forums until the first exchange outlet was established. It is known as a "crypto-currency"; meaning that the money and transactions are secured and controlled through encrypted passwords. Since its introduction, Bitcoins have been gaining momentum worldwide, with over 1,000 merchants accepting the currency.

Relevant Links
For more information on Bitcoin, we encourage you to visit the links below.

Bitcoin Stats

Minor unit1/100,000,000 = Satoshi
Minor unit symbolSatoshi
Top BTC conversionBTC to USD
Top BTC chartBTC to USD chart

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Live Currency Rates

EUR / USD1.03256
GBP / EUR1.18127
USD / JPY133.007
GBP / USD1.21973
USD / CHF0.941359
USD / CAD1.27647
EUR / JPY137.338
AUD / USD0.710518

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