Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XMV] MoneroV - Fork 1:10 of Monero - Finite coin supply - Private
by
operater
on 18/05/2018, 13:53:03 UTC
Hi All,

Bit of an amateur question but I have a Kraken account and bitcoins on this exchange are ticker XBT and on Coinex bitcoins are under ticker BTC. I didn't realise there were different ticker symbols for bitcoin?
Also, I emailed Coinex to ask about sending Bitcoins (XBT) from Kraken to my Coinex account to buy XMV's but got this message in reply:

"Thanks for contacting CoinEx support.
BTC address is ONLY available for BTC deposit. Minimum limit for each deposit is 0.0006. Any deposit below minimum limit or non-BTC deposit will NOT be added to your account and it is NOT refundable.
Therefore, I suggest you DON'T deposit non-BTC on BTC wallet of CoinEx.

Kind regards"

Can anyone explain this to me please and where can I buy BTC?

Thanks in advance!

Anyone?

Pretty sure Kraken just list Bitcoin (BTC) as XBT, not sure why. But it is still bitcoin (BTC). Bitcoin Cash is listed as BCH. That Coinex site probably just got confused thinking you were asking about some random bitcoin fork called XBT.

Now that's the kinda nice reply that helps! Thanks Savior! Smiley

There's actually a very specific reason as to why XBT is called XBT and not BTC on kraken! They use it to designate the "bitcoin exchange traded notes" which are not BTC itself but have their value backed in BTC which you would receive when you withdraw XBT from the exchange for instance.