<p>XBTC is an asset representation of BTC in <a href="http://en.wikipedia.org/wiki/Counterparty_%28technology%29" rel="nofollow">Counterparty</a>.<br>
Apparently, you could send Bitcoin to a Counterparty gateway, and get the same amount of XBTC back in turn. These could then be traded for other Counterparty assets. The operator of that gateway claimed that it was cheaper to trade thusly than on Bitcoin exchanges.</p>

<p>I've found an announcement for a XBTC gateway here: <a href="https://forums.counterparty.io/discussion/404/ann-xbtc-gateway-released" rel="nofollow">XBTC Gateway released</a>. It appears to me that the service has since been <a href="https://forums.counterparty.io/discussion/761/quick-buy-update-from-vennd-io" rel="nofollow">shut down due to regulatory concerns</a>.</p>

CC BY-SA 3.0
2015-02-21T09:40:30.840Z
I thought it's sort of a bitcoin unit. now i'm cleared with this term.
jinwon choi
CC BY-SA 3.0
2015-02-21T08:55:39.537Z
2015-02-21T08:55:39.537Z
Murch
<p>XBTC is the combination of  ISO 4217 currency code XBT and the name BTC, which is also commonly used to represent one bitcoin, but it violates ISO 4217 because it begins with "BT", the country code of Bhutan.</p>

<p>This is what is known as a blended word, which Lewis Carroll called portmanteaus, naming them after a suitcase that unfolds into two equal parts.</p>

CC BY-SA 3.0
2015-12-19T08:02:39.727Z
Who uses it? What does it represent?
Murch
CC BY-SA 3.0
2015-12-25T03:19:26.460Z
Mostly Bitcoiners. It represent bitcoin and Bitcoin services.
xbtc
CC BY-SA 3.0
2015-12-25T07:03:06.047Z
If you read the question,  you'll see that it refers to a unit that can be traded in exchange for Bitcoin, so a) it's not the same as Bitcoin and b) it's a currency unit. I don't think this question has anything to do with your website. Otherwise, please elaborate.
Murch
CC BY-SA 3.0
2015-12-26T10:20:27.847Z
Not only my site use this abbreviation. It concerned many other services. But I can't find the place where btc/xbtc can be exchanged or converted. If you know such a place - please point it.
xbtc
CC BY-SA 3.0
2015-12-19T05:44:40.543Z
2015-12-25T03:17:06.197Z
2015-12-25T03:17:06.197Z
xbtc
<p>What is xbtc? I saw many articles refered xbtc,just like "btc to xbtc". But there's no material telling what it exactly is.</p>

CC BY-SA 3.0
2015-02-21T08:11:43.070Z
Did you mean to ask about XBT?  XBTC seems to be some company unrelated to Bitcoin.
David Grayson
<terminology>
What exactly is XBTC?
jinwon choi
# What exactly is XBTC?

(Asked by: username_0 on 2015-02-21)

What is username_3? I saw many articles refered username_3,just like "btc to username_3". But there's no material telling what it exactly is.

**Tags:** terminology

> **Comments:**
> **username_1**: Did you mean to ask about XBT?  username_3 seems to be some company unrelated to Bitcoin.  

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## 2 answers

### Answer by username_2 on 2015-02-21. Score: 0 | Accepted answer

username_3 is an asset representation of BTC in [Counterparty](http://en.wikipedia.org/wiki/Counterparty_%28technology%29).  
Apparently, you could send Bitcoin to a Counterparty gateway, and get the same amount of username_3 back in turn. These could then be traded for other Counterparty assets. The operator of that gateway claimed that it was cheaper to trade thusly than on Bitcoin exchanges.

I've found an announcement for a username_3 gateway here: [username_3 Gateway released](https://forums.counterparty.io/discussion/404/ann-username_3-gateway-released). It appears to me that the service has since been [shut down due to regulatory concerns](https://forums.counterparty.io/discussion/761/quick-buy-update-from-vennd-io).

> **Comments:**
> **username_0**: I thought it's sort of a bitcoin unit. now i'm cleared with this term.  

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### Answer by username_3 on 2015-12-19. Score: -1

username_3 is the combination of ISO 4217 currency code XBT and the name BTC, which is also commonly used to represent one bitcoin, but it violates ISO 4217 because it begins with "BT", the country code of Bhutan.

This is what is known as a blended word, which Lewis Carroll called portmanteaus, naming them after a suitcase that unfolds into two equal parts.

> **Comments:**
> **username_2**: Who uses it? What does it represent?  
> **username_3**: Mostly Bitcoiners. It represent bitcoin and Bitcoin services.  
> **username_2**: If you read the question,  you'll see that it refers to a unit that can be traded in exchange for Bitcoin, so a) it's not the same as Bitcoin and b) it's a currency unit. I don't think this question has anything to do with your website. Otherwise, please elaborate.  
> **username_3**: Not only my site use this abbreviation. It concerned many other services. But I can't find the place where btc/username_3 can be exchanged or converted. If you know such a place - please point it.  

---

