Britcoin

Dictionary Says

Definition of 'Britcoin'

A U.K.-based Bitcoin exchange. Britcoin was the first Bitcoin exchange in the U.K. to offer support for GBP trading. Traders are able to trade bitcoins by placing buy or sell orders into an order book and those orders will be matched against opposing open orders in full or partially filled, with Britcoin acting as an escrow for the funds.

As of August 2011 Britcoin had been renamed Intersango.
Investopedia Says

Investopedia explains 'Britcoin'

Bitcoins are a digital currency created in 2009, which allow users of bitcoin exchanges to make payments and trades at a very low cost. Bitcoin circulation and expansion is governed by Bitcoin software and is programmed to expand as a geometric series, thus limiting the effects of monetary inflation on the virtual currency. Bitcoins are one of many virtual currencies that can be traded online by users.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Authorized Forex Dealer

    Any type of ...
  2. Currency Pair

    The quotation ...
  3. Interbank Market

    The financial ...
  4. Online Currency Exchange

    An online system ...
  5. Quote Currency

    The second ...
  6. Bitcoin

    A decentralized ...
  7. Bitomat

    A Polish-based ...
  8. Trade Hill Exchange

    A Bitcoin ...
  9. London Stock Exchange - LSE

    The primary ...
  10. Royal Institution Of Chartered ...

    One of the ...

Articles Of Interest

  1. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  2. The International Money Market

    Banks, corporations, traders and speculators all use the IMM to borrow, lend, trade, profit, finance, speculate and hedge risks.
  3. The Basics Of Money Flow

    Learn how this indicator uses both price and volume to record a more complete picture of price action.
  4. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  5. Getting Started In Forex

    Before entering this market, you should define what you need from your broker and from your strategy.
  6. Get To Know The Major Central Banks

    The policies of these banks affect the currency market like nothing else. See what makes them tick.
  7. Market Makers Vs. Electronic Communications Networks

    Learn the pros and cons of trading forex through these two types of brokers.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center