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Definition of bitcoin

bitcoin

/ˈbɪt.kɔɪn/
bit · coin
Plural:bitcoins
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bitcoin Lexical Profile

bitcoin Game Scores & Validity

• noun

1

A decentralized digital currency that operates on a peer-to-peer blockchain network without a central bank or single administrator.

Example

"More online merchants now accept bitcoin alongside traditional payment methods."

2

A single unit of the bitcoin digital currency.

Example

"The market price of a single bitcoin fluctuated significantly over the course of the year."

Synonyms
View all synonyms for bitcoin

• Nearby Words

bitching
bitchslap
bitchy
bitcoin
bite
biter
bitesize

Word Origin & Etymology

Coined in 2008 as a compound of 'bit' (binary digit) and 'coin' in a white paper published under the pseudonym Satoshi Nakamoto, introducing the first decentralized cryptocurrency.

Cite this Entry

Wordmom. (2026). Definition of Bitcoin. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/bitcoin
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