Crypto ticker symbols are abbreviated names of cryptocurrencies. Their role is to help investors identify different cryptocurrencies on trading platforms and exchanges. A cryptocurrency ticker is typically three to five letters long. That said, in this guide, you’ll learn what is a ticker in crypto and how to match cryptocurrencies with their ticker symbols. You’ll also find out if two different coins can have the same crypto symbol.

Here’s all you need to know about crypto coin symbols.

What Are Crypto Ticker Symbols?

A crypto ticker is a symbol representing cryptocurrencies. It’s a combination of 3-5 letters, each abbreviating the cryptocurrency’s original name. For example, Bitcoin’s token symbol or ticker is BTC, Ethereum’s is ETH, and Dogecoin’s is DOGE.

Tickers help traders identify crypto assets on the most popular exchanges and trading platforms. They are also used to mark trading pairs. For example, the trading pair labeled BTC/ETH indicates a market where Bitcoin can be traded for Ethereum. Moreover, tickers use the prefix $, which makes them easily recognizable.

Can Two Coins Have the Same Ticker Symbol?

Yes, two different coins can have the same ticker. For example, Wrapped Bitcoin and WorldBTC use the same ticker — WBTC — even though they are different projects. Wrapped Bitcoin is an ERC-20 token that represents Bitcoin on the Ethereum network. On the other hand, WorldBTC is designed to offer a solution to PoS cryptocurrencies.

This is why investors should always conduct research before they start investing. To make sure you’re trading the right coin, check its total supply, blockchain, price, team, and whitepaper.

How Do I Match a Crypto Asset With the Correct Ticker Symbol?

Now that you know what crypto ticker symbols are, here’s how to match a crypto asset with the correct ticker symbol:

  1. Create an account on the desired crypto exchange and enter the account settings. Tap the Advanced Settings button and select the Add Map option.
  2. You’ll see two search boxes: Ticker symbol and Asset. In the ticker symbol box, enter the ticker symbol and match it with its asset.
  3. Select whether you want this mapping to apply to all platforms or only to certain platforms. Then, tap the Save button.

Conclusion

The main function of crypto ticker symbols is to label cryptocurrencies on exchanges and to help investors conduct their trades. They usually consist of 3–5 letters. These letters represent abbreviated names of cryptocurrencies. For example, bitcoin’s ticker symbol is BTC.

Tickers also use the $ sign as a prefix, which makes them recognizable. Tickers are not unique, which means that two different coins can have the same symbol. That is why it’s vital to research each coin before investing in it.