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Wrapped Bitcoin WBTC

Wrapped Bitcoin Price (WBTC)
$66,233.57
1.02% Buy WBTC Now

20.88 ETH

1.00 BTC

Buy WBTC Now
Low: $65,531.66
High: $66,974.43
24h
Market Cap
$10,291,619,482
1.02%
Fully Diluted Market Cap
$10,286,505,585
1.02%
Volume
24h
$577,605,518
11.87%
Volume / Market Cap
0.0561
Circulating Supply
155,384 WBTC
Max Supply
--
Total Supply
155,384

Wrapped Bitcoin (WBTC) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.36%

Joined at Feb 27, 2019

Following

438

0.00%

Tweet count

669

0.00%

Wrapped Bitcoin reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Wrapped Bitcoin (WBTC) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Wrapped Bitcoin telegram
Telegram Stats

Members

-

Title

-

Currently, official Wrapped Bitcoin (WBTC) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Wrapped Bitcoin traffic
Website Traffic
Visit Website

Website Rating (DR)

71 / 100

0.00%

Ahrefs Rank

88,543

1.08%

Organic Traffic (mo.)

89

58.60%

Wrapped Bitcoin github
GitHub Organization
Visit GitHub

Public repos

Created at Nov 06, 2018

Type

Organization

Wrapped Bitcoin github
GitHub Public Repository
Visit GitHub

Stars

0.00%

Watchers

14

6.67%

Forks

89

0.00%

Language

JavaScript

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 12,777


Live WBTC Price Analysis

The current real time Wrapped Bitcoin price is $66,233.57, and its trading volume is $577,605,518 in the last 24 hours. WBTC price has grew by 1.02% in the last day, and increased by 6.45% in the last 7 days. It’s important to note that current Wrapped Bitcoin market capitalization is $10,291,619,482, Talking about circulating supply, WBTC has 155,384 coins. Currently, Wrapped Bitcoin rank on the market is #15.

Wrapped Bitcoin price today is 8.40% below all time high, and it is 1,888.93% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling WBTC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an ERC-20 token version of Bitcoin that resides on the Ethereum blockchain. ERC-20 is Ethereum’s fundamental compatibility standard. Thus, it allows the WBTC token to be fully integrated into the DeFi processes of the Ethereum network.

Bitcoin backs the WBTC token at a 1:1 ratio. This indicates that the BTC equivalent of each newly issued Wrapped Bitcoin token is held in a reserve at the custody. It guarantees that the token's value is permanently fixed to the price of Bitcoin, enabling decentralized and independent liquidity transfers between the BTC and ETH networks. Check out the Wrapped Bitcoin price chart above to see the current WBTC price.

WBTC coin is minted and burned automatically anytime users exchange their tokens for Bitcoin through a network of merchants and custodians. The quantity of tokens in circulation is related to the amount of Bitcoin in the WBTC network. This is the case because Bitcoin backs the Wrapped Bitcoin token at a 1:1 ratio as mentioned before.

Though note that since the Bitcoin price is pretty volatile, it’s the same case with the Wrapped Bitcoin price. It tends to fluctuate due to various factors that affect the whole crypto market. Thus, before converting Bitcoin to WBTC tokens, it would be a great idea to analyze the WBTC price chart to determine the main price fluctuation tendencies.

The Companies Behind Wrapped Bitcoin

The founders of the Wrapped Bitcoin crypto project are Ren, BitGo, and Kyber Network.

Ren is a company that specializes in integrating crypto assets and DeFi apps across multiple blockchains. Besides, it’s the organization that creates new WBTC tokens and burns old ones to keep the WBTC to Bitcoin ratio at 1:1.

BitGo provides trading, custody, and financial services for institutional digital assets. Besides, WBTC tokens and the keys required for token minting are held by BitGo. In other words, it’s the custodian of WBTC.

Kyber Network is an on-chain liquidity protocol that enables token trading without the use of a middleman. Just like Ren, it’s responsible for the minting and burning process of WBTC tokens.

The Main Benefits of Wrapped Bitcoin

The problem with Bitcoin is that its functionality is quite simple if we were looking at modern standards. This is not the case with Ethereum, since it was developed specifically to be utilized in more advanced ways, thanks to the smart contracts it employs.

Therefore, the Wrapped Bitcoin token version can be easily used in the advanced processes of Ethereum. Also, it’s important to note the average block time of Ethereum is around 15 seconds. Bitcoin block time, on the other hand, is around 10 minutes. Thus, by using WBTC tokens, you can get way faster transaction speed compared to using the original version of Bitcoin.

Besides, WBTC is also beneficial for the Ethereum network because it brings a huge amount of liquidity that comes from the Bitcoin market.

Additionally, WBTC eases the work for Ethereum-based exchanges and wallets. How? They can support WBTC activities simply by using an Ethereum node, eliminating the need to host two distinct nodes for the Ethereum and Bitcoin networks.

Again, don't forget to take a look at the Wrapped Bitcoin price chart above to see how the WBTC price changes in real-time.

The Main Parties in the Wrapped Bitcoin System

The Wrapped Bitcoin ecosystem consists of four main actors – custodians, merchants, users, and WBTC DAO members.

The ecosystem begins with the custodian, in this case, BitGo, which is in charge of storing WBTC. Then there is a merchant (the Kyber Network, Ren, or other merchants that work with WBTC), which is in charge of minting and burning the tokens. And then, of course, there are users who hold WBTC tokens.

Lastly, there’s WBTC DAO which is the governing organization of WBTC tokens. It’s in charge of contract modifications, as well as the addition and removal of custodians and merchants. WBTC DAO contributes to the network's decentralization through multi-sig contracts. The contracts demand unanimous agreement from all participants before any modifications can be made.

The Conversion of BTC to WBTC and Vice Versa

It’s pretty easy to exchange BTC tokens to WBTC tokens and the other way around. If you want to convert BTC to WBTC, you have to visit Kyber Network (or any other merchant listed on the WBTC partners page) and transfer your BTC to the platform. 

The merchant informs BitGo (the custodian) of the quantity of WBTC to be minted after receiving the BTC from the user. BitGo then generates an identical quantity of WBTC following 6 confirmations of the BTC transaction. Lastly, the WBTC is sent to the Ethereum wallet of the user.

Now, if you want to convert WBTC to BTC, you have to contact the merchant again. The merchant will produce a burn transaction for the quantity of WBTC you wish to redeem.

BitGo will transfer the amount of the requested BTC to the Bitcoin address of the merchant once 25 Ethereum block confirmations are received. The burn request is marked as finished by the custodian through an Ethereum transaction. After the user goes through the KYC process, the merchant transfers BTC to the user's Bitcoin wallet address.

What's Wrapped Bitcoin trading volume in the last 24 hours?

WBTC has a trading volume of $577,605,518 in the last 24 hours.

What's Wrapped Bitcoin highest price ever?

WBTC has a highest price of $72,307.98, which was reached on Apr 08, 2024 (2 weeks 1 day ago).

What's Wrapped Bitcoin lowest price ever?

WBTC has a lowest price of $3,330.12, which was reached on Feb 06, 2019 (5 years 2 months ago).

What are the best exchanges for buying and selling WBTC?

Currently, the most active and dominating exchanges for buying and selling Wrapped Bitcoin are Binance, Kraken & Kucoin. The most popular Wrapped Bitcoin trading pairs are WBTC/USDC (on Uniswap (V3) (Arbitrum) ), WBTC/BTC (on Binance ), WBTC/WETH (on QuickSwap v3 (Polygon) ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping WBTC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Wrapped Bitcoin. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Wrapped Bitcoin project's Circulating Supply has been verified and is equal to:

Circulating Supply

155,384 WBTC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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