Crypto coin

Buy Wrapped Bitcoin (WBTC)

$99,979.00 AUD

 0.79% ()

loading

What is Wrapped Bitcoin (WBTC)?

As a bridge connecting the Ethereum and Bitcoin ecosystems, Wrapped Bitcoin (WBTC) is a tokenized form of Bitcoin on the Ethereum network. It has gained popularity in the DeFi market and allows Bitcoin to be used in a variety of DeFi applications.

The History of Wrapped Bitcoin

In order to bring Bitcoin liquidity to the Ethereum ecosystem, Wrapped Bitcoin was first introduced in January 2019. Each WBTC token was designed as an ERC20 token with a 1:1 pegged value to Bitcoin, which is backed by an equivalent amount of Bitcoin that is kept in custody by a group of custodians.

The Use Case of Wrapped Bitcoin

Wrapped Bitcoin provides as a link between the Ethereum and Bitcoin ecosystems, enabling the use of Bitcoin in the smart contracts and decentralised applications (dApps) on the Ethereum blockchain. Without having to sell their actual Bitcoin holdings, users can now use Ethereum-based decentralised finance (DeFi) applications that require Bitcoin as collateral or for other purposes.

Numerous DeFi apps, including as yield farming, decentralised exchanges (DEXs), platforms for lending and borrowing, and other financial services on Ethereum, support WBTC. Beyond conventional Bitcoin transactions, it increases Bitcoin's liquidity and makes it possible for it to be used in a wider range of blockchain-based applications.

websiteCommunityTwitter

WBTC Price Statistics

coingecko
Wrapped Bitcoin Price
$99,979.00
24H Low/24H High
$97,005.00/$99,896.00
7D Low/7D High
$60,332.152/$66,474.688
Trading Volume
$490,038,453.00
Market Cap Rank
#15
Market Cap
$15,508,411,969.00
Volume/Market Cap
$0.031598
All-Time High
$111,168.00 -10.20%
13 Mar 2024 (2 months)
All-Time Low
$4,415.73 2,160.63%
02 Apr 2019 (about 5 years)
Trade 300+ Supported Coins

How to buy Bitcoin and build your crypto portfolio

Trade over 300+ Supported Coins with AUD

Block earner
How to buy
  • 1.

    Sign Up

    Open your account

  • 2.

    Get Verified

    Verify your identity

  • 3.

    Move Your Money

    Get started in minutes

Get Started
Arrow

Newsroom

Stay updated

Supported Coins

Trade 300+ Cryptocurrencies

Get in touch

Contact us