bitcoin

SayBIT-koynUS/ˈbɪtˌkɔɪn/UK/ˈbɪtkɔɪn/

Noun pluralbitcoins, bitcoin

2 meanings of bitcoin

1
proper noununcountable
A kind of digital money that works online without banks or governments controlling it.
Like money you can send through the internet, with a shared notebook that everyone can check.
Many people now use bitcoin to send money across the world.
She learned how bitcoin keeps a record of every payment.
Note
2
nouncountable
A single unit of the digital money called bitcoin.
Like one dollar in a stack of dollars, but it only exists online.
She bought two bitcoins last year and sold them recently.
He owns one bitcoin and hopes its value will grow.
SimilarBTC, XBT
Note

Practice

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Origin

It comes from "bit" (a binary digit) plus "coin." The name was created by Satoshi Nakamoto in 2008.