Bitcoin Symbol

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Bitcoin Symbol
This is the official symbol for Bitcoin, the decentralized digital currency invented in 2008.

Understanding Bitcoin and Its Symbol

The Bitcoin symbol, represented by ₿, is the official symbol for Bitcoin, a decentralized digital currency without a central bank or single administrator. Bitcoin transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain.

Introduced in 2008 by an unknown entity using the pseudonym Satoshi Nakamoto, Bitcoin was established to create a decentralized currency independent of traditional banking systems. Over the years, its adoption and value have surged, making it a significant point for both investors and regulators.

Bitcoin's value can be volatile, primarily determined by supply and demand dynamics in various cryptocurrency exchanges worldwide. Its acceptance is growing, with an increasing number of merchants and businesses globally recognizing Bitcoin. Today, Bitcoin is utilized for both online transactions and in-person purchases across multiple sectors, including technology, tourism, and food services.

Guidelines for Using the Bitcoin Symbol

The Bitcoin symbol, denoted as ₿, represents the pioneering digital currency that was introduced as an open-source software by an unknown entity named Satoshi Nakamoto in 2008. When referring to amounts, especially in online transactions or communications, clarity is of the essence.

  • Standard Format for Bitcoin: ₿0.01234 This format, with the currency symbol preceding the amount, is widely accepted in the cryptocurrency community.
  • Symbol Placement: Standard: ₿100
  • Decimal Separator: Standard: period as decimal (₿1.99)
  • Smallest Unit: The smallest unit of Bitcoin is called a "satoshi," which represents 0.00000001 of a Bitcoin. It's essential to be precise when transferring amounts, given Bitcoin's value.
  • Official Abbreviation: Bitcoin is also commonly abbreviated as "BTC".
  • Representation in Online Platforms: Since Bitcoin is a digital currency, it's essential to ensure that any platform used to transact Bitcoin supports its symbol and proper formatting.
  • Similar Symbols: Do not confuse the Bitcoin symbol () with the Thai Baht symbol (฿). Though they appear similar, they represent distinct currencies, and mistaking them could lead to misunderstandings.

How to Type the Bitcoin Symbol Using Keyboard Shortcuts and Alt Codes

  • On most platforms: Currently, there isn't a universal Alt code for the Bitcoin symbol. Users typically copy it from online sources or use specialized keyboards or software.
  • For HTML coding: Use the named entity ₿ to represent the Bitcoin symbol.

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Bitcoin Symbol