What Is XBT in Crypto?

XBT is the lesser-known ticker symbol for Bitcoin.

As crypto grows more popular, lots of complicated names, tokens and symbols are popping up. This can make things confusing for folks new to crypto. But the story of “XBT” isn’t new.

Simply explained, XBT is the lesser-known ticker symbol for Bitcoin.

Why Do Some Crypto Exchanges Call Bitcoin XBT Instead of BTC?

However, the International Organization for Standardization (ISO) decided Bitcoin needed an official international currency code. These codes start with “X” based on ISO rules. Therefore, the ISO assigned Bitcoin the code “XBT” instead of the popular BTC. Both versions stuck around.

Is XBT Widely Accepted and Known Like BTC?

While BTC is more popular, some groups still use XBT too. Similarly, some exchanges adopted ISO codes, therefore, they adopted XBT in place of BTC. But BTC still dominates everyday talk and retail transactions.

Familiarity breeds comfort – BTC feels established and rooted in crypto’s origins. But as some exchanges make sure to comply with the rules of local authorities, XBT may keep gaining traction in certain areas. In the end, both tickers point to Bitcoin, like “pop” and “soda” refer to the same soft drink.

Which Trading Platforms Use XBT Instead of BTC?

How Do I Buy XBT?

Purchasing XBT, or BTC (the more popular ticker symbol), is quite easy for regular investors.