Wrapped Bitcoin (WBTC)
|Market Cap||Volume||Available Supply|
|$4.04 B||$166.37 M||176,548 WBTC|
|ATH||ATH(% Change)||ATH Date|
Wrapped Bitcoin WBTC price today is $22,942.00 with a marketcap of $4.04 B. Its price is -3.00% down in last 24 hours.
What has wrapped bitcoin?
Wrapped Bitcoin (WBTC) is a cryptocurrency token created to bridge the gap between Bitcoin and Ethereum-based Defi applications. WBTC is an ERC-20 token that represents a value of 1 BTC, allowing users to do things like trade and stake their BTC on Ethereum’s existing infrastructure. It serves as a bridge between Bitcoin and Ethereum, allowing users to benefit from both networks without having to switch between them. WBTC also helps create a more liquid Defi market by providing an efficient way for users to trade BTC for tokenised assets on the Ethereum network.
How does it work?
With wrapped bitcoin, you can easily and securely store your bitcoins in physical form to access them anytime. It also makes it easy for others to accept payments in wrapped bitcoin with minimal effort. Wrapped bitcoin offers a great way to safely store and use your digital currency without having to worry about theft or the risks associated with traditional banking systems.
How to get wrapped bitcoin?
Getting wrapped in bitcoin is simple and straightforward. You can buy or sell WBTC from a variety of cryptocurrency exchanges, as well as from several wallets that offer support for the coin. Additionally, you can even wrap your own Bitcoin into WBTC using a platform like Ethereum, allowing you to interact with the Ethereum blockchain while still holding on to your Bitcoin.