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Wrapped Bitcoin Price

(WBTC)

$64,542.08
0.00%(5m)

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Wrapped Bitcoin (WBTC) Live Price Chart

    Wrapped Bitcoin Live Price Data

    Wrapped Bitcoin is currently trading at 64,542.08, with a 24-hour trading volume of 0.2726. Over the past 24 hours, the price of Wrapped Bitcoin changed by -0.33%, and over the past week, its value in rose by +3.23%. The circulating supply of Wrapped Bitcoin is 116,499 WBTC, with a market cap of 7524379792.82110644424043423500 , down -0.33% in the last 24 hours. Wrapped Bitcoin is ranked #7952 by market cap.

    How do you feel about WBTC today?

    Note: This data is for reference only.
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    WBTC(WBTC) Profile

    altRank7952
    rate--
    Expand
    $64,442.68
    $65,374.81

    ATH
    $125,777.44813789
    Price Change (1h)
    --
    Price Change (24h)
    -0.33%
    Price Change (7d)
    +3.23%
    Market Cap
    24h Volume
    Circulating Supply
    116,499
    Max Supply
    163,741

    About Wrapped Bitcoin

    • What is Wrapped Bitcoin (WBTC)?

      Wrapped Bitcoin (WBTC) is an ERC-20 token designed on the Ethereum blockchain enjoying a 1:1 peg to Bitcoin (BTC). It merges the power and value of Bitcoin with the flexibility of ERC20 tokens on Ethereum in a transparent, decentralized, and completely verifiable format.

      WBTC puts the world’s largest cryptocurrency by market cap on the Ethereum network, giving developers and investors the power to enforce smart contracts on the crypto asset. This vastly increases the versatility of Bitcoin, allowing developers to write smart contracts that can be integrated with transferring BTC.

      The ERC-20 wrapped version of Bitcoin can allow the original cryptocurrency to enter the exciting world of DeFi and dApps. The original version of Bitcoin is limited in functionality and cannot do more than being used for payment transfers.

      On the other hand, Wrapped Bitcoin can be traded effortlessly on DEXs and enjoy faster transaction times than the original Bitcoin. It brings together the very best of two of the largest cryptocurrencies in the world - the value of Bitcoin and the versatility of Ethereum.

      Wrapped Bitcoin is part of the Wrapped Tokens project, a joint project that was officially launched by BitGo, Kyber Network, and Ren. The institutions that form a part of the WBTC decentralized autonomous organization (DAO) are responsible for holding the keys to the multi-sig contract which controls this token.

    • How Does Wrapped Bitcoin Work?

      Users can request WBTC from merchants. After the merchant performs the requisite KYC and AML procedures to verify the user’s identity, they can swap the Bitcoin for the Wrapped Bitcoin.

      The merchant can then exchange the user’s Bitcoin for WBTC for use on the Ethereum network in the form of ERC-20 tokens. These ERC-20 WBTC tokens are then transferred from the merchant and into the user’s wallet, increasing the circulating supply of the WBTC token.

      The WBTC token not only empowers Ethereum-based DEXs and DeFi ecosystem with higher levels of liquidity in Bitcoin. Unlike centralized exchanges that offer list Bitcoin and enjoy the maximum liquidity in the leading crypto coin, DEXs did not previously have access to the BTC crypto.

      However, Wrapped Bitcoin makes it possible to wrap the largest cryptocurrency by market cap and offer it on the Ethereum network as a token. This empowers not only the DeFi market but also boosts innovation in using Bitcoin for several other purposes beyond a store of value or a way to enable digital transactions.

      The WBTC network can have several use cases powered by the creation of smart contracts. It can also be used as an asset in decentralized applications (dApps), giving Bitcoin holders access to many more use cases than initially imagined.

    • What is Wrapped Bitcoin’s WBTC Used For?

      The Wrapped Bitcoin cryptocurrency can be used in several ways, including:

      Providing Higher Liquidity to Ethereum’s DeFi Ecosystem

      Unlike centralized exchanges (CEXs) that have the most liquidity in Bitcoin, DEXs cannot access native Bitcoin on Ethereum. However, the Wrapped Bitcoin asset makes it possible for DeFi platforms to offer liquidity in Bitcoin, with the same value but with the added benefit that this asset enjoys as an ERC-20 token on Ethereum.

      Faster Transactions

      Transactions of WBTC to make payments and send and receive cryptocurrencies faster and more efficiently. The Ethereum network enjoys a higher throughput than the Bitcoin network, making transactions in WBTC more efficient than those in BTC.

      It also allows merchants and payment apps to develop solutions for a single Ethereum node to accept payments in WBTC instead of coding for compatibility with Ethereum and Bitcoin networks.

      Do More With Bitcoin

      Bitcoin in its original form lacks the flexibility and versatility of Ethereum and is often limited by its blockchain, which only supports the use of the asset as a store of value and for the transfer of payments.

      However, WBTC can allow developers to innovate new use cases for the asset through the power of smart contracts. WBTC can be supported in dApps, allowing for far more uses of the asset than its original counterpart, BTC.

      Crypto Asset to Invest in and Trade

      Wrapped Bitcoin is available for trading and investing in, not only on CEXs but also DEXs. You can trade WBTC against other cryptocurrencies or invest in it for the long term if you believe in the potential of Bitcoin as an asset of value to hold. Remember to check the latest Wrapped Bitcoin price, WBTC market cap, 24-hour trading volume, and news before placing a new trade in this digital asset.

      Earn Passive Income

      Holding WBTC also offers a lucrative way to generate a stream of passive revenue. Leading cryptocurrency exchanges and DEXs have the option to grow your WTBC holdings via liquidity mining, staking, and yield farming.

    FAQ

    • How much is 1 Wrapped Bitcoin (WBTC) worth?

    • Is Wrapped Bitcoin (WBTC) a Good Investment?

    • BTC vs. WBTC: Difference Between Bitcoin and Wrapped Bitcoin

    • Can You Mine Wrapped Bitcoin (WBTC)?

    • How to Convert BTC to WBTC in MetaMask

    • How to Swap WBTC for BTC

    • What is the all-time high price of Wrapped Bitcoin (WBTC)?

    • What is the all-time low price of Wrapped Bitcoin (WBTC)?

    • How much Wrapped Bitcoin (WBTC) is there in circulation?

    • How do I store Wrapped Bitcoin (WBTC)?