Wrapped Bitcoin Price I WBTC Price Index, News, Live Chart - Comparewise

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Wrapped Bitcoin

WBTC

Wrapped Bitcoin Market Stats

Wrapped Bitcoin Price

$22,014.48

Wrapped Bitcoin Price Change (24H)

$22,014.48

Wrapped Bitcoin Price (24H Low)

$22,014.48

Wrapped Bitcoin Price (24 High)

$22,014.48

Wrapped Bitcoin Price (All Time High)

$22,014.48

Wrapped Bitcoin Market Cap

$22,014.48

Wrapped Bitcoin Volume (24H)

$22,014.48

Wrapped Bitcoin Circulating Supply

$22,014.48

Wrapped Bitcoin Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an Ethereum-based token representing Bitcoin on the Ethereum blockchain. It was necessary to establish WBTC due to the incompatibility between Bitcoin and Ethereum.

With Wrapped Bitcoin, investors can use their BTC on the Ethereum network, allowing them to utilize its decentralized applications (dApps) and smart contracts.

Who Created Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) results from a joint project between Ren (known initially as Republic Protocol), BitGo, and Kyber Network. They launched this token on January 31, 2019, and had eight merchants supervising the BTC-to-WBTC conversions.

When the WBTC Decentralised Autonomous Organisation started, there were only three parties: Kyber, Ren, and BitGo. However, their numbers have increased recently to include many other companies and individuals.

The Wrapped Bitcoin Decentralised Autonomous Organisation (DAO) represents the stakeholders from the WBTC system. A multi-signature system secures the WBTC network, and its held by each of the stakeholders of the WBTC DAO.

Wrapped Bitcoin (Wbtc) - Comparewise

How Does Wrapped Bitcoin (WBTC) Work?

A Wrapped Bitcoin (WBTC) works by replacing the original BTC, which goes to a trusted custodian. Wrapping a BTC token requires the actions of the Decentralised Autonomous Organisation, the merchants, and the custodians.

A Wrapped Bitcoin gets created when someone requests to give up their Bitcoin in exchange for an ERC-20 WBTC token. When the merchant accepts this request, they must verify the customer’s identity. The merchant would then initiate various Anti-Money Laundering (AML) and Know Your Customer (KYC) processes.

After verifying the customer’s identity, the merchant sends a request to a custodian. Right now, the only custodian available for WBTC is BitGo. The custodian would then mint the required WBTC tokens and send them back to the merchant.

The merchant and the customer can now swap their WBTC and BTC tokens. This can be done through an Atomic Swap (a peer-to-peer transaction) or a centralized exchange. In the end, the merchant would end up with the customer’s BTC, while the customer would end up with the WBTC.

The exchanged WBTC can be used on various ERC-20 supporting platforms to trade for various goods and services. Customers who wish to convert that WBTC back to BTC need to contact the merchant again. Another swap would occur, after which the merchant would destroy (or burn) the WBTC.

This cryptocurrency is supported by many exchanges like Coinbase, allowing owners to trade with them. However, most of these sites do not offer wrapping or unwrapping services for WBTC. This is peculiar to the chosen merchants like CoinList, Maker, Airswap, and AAVE.

Is Wrapped Bitcoin (WBTC) a Good Investment?

This crypto coin provides many advantages that were absent from the original Bitcoin. They offer faster transactions, the ability to use smart contracts, and easier movement of funds. This wrapped token allows investors to spend their Bitcoin on other ERC-20 blockchains.

All these advantages make the usefulness of the WBTC indisputable. The fact that a Wrapped Bitcoin has the same value as the original Bitcoin makes this better. As such, we can say that WBTC is an excellent investment.

FAQs about Wrapped Bitcoin (WBTC)

How Many Wrapped Bitcoin (WBTC) Are There?

Wrapped Bitcoins have a 1:1 relationship with the Bitcoin that the custodians hold. This means the number of WBTCs equals the number of BTC that the custodians hold. Currently, there are over 236,982 BTCs in custody, which means there are over 236,982 WBTCs in circulation.

How Is Wrapped Bitcoin (WBTC) Secured?

This crypto coin is secured through a proof-of-reserve system that ensures the relationship between WBTC and BTC remains at 1:1. The WBTC is also secured through the multi-signature system that controls the WBTC DAO.

What Can You Use Wrapped Bitcoin (WBTC) For?

WBTC can be used to create smart contracts and trade on the Ethereum blockchain. It also allows interested investors to use their Bitcoin funds on the Decentralised Finance options that Ethereum offers.

Wrapped Bitcoin News

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Wrapped Bitcoin Analysis

Wrapped Bitcoin (WBTC) Analysis Summary

Wrapped Bitcoin (WBTC) is a channel for Bitcoin owners to extend their reach beyond blockchains that support BTC. This has allowed many blockchain engineers and investors to take advantage of the DeFi options offered by Ethereum. With the rising increase in the use of cryptocurrency, many investors have high hopes for WBTC.

Although the WBTC system is young, CryptoNewsZ believes its value will increase as the use of cryptocurrency expands. They propose that with the reliable system of this wrapped token, its price would reach $60,663.15 in 2023. In 2024 that would increase to $75,239.85 as the many plans of the crypto community come to life.

Since WBTC is also active in various community initiatives, CryptoNewsZ believes its momentum will continue in 2026. This would take its price to $92,753.04 or, in the best-case scenario, $110,200.

DigitalCoinPrice also sees Wrapped Bitcoin as a profitable investment that’s scheduled to reach $44,269.09 in 2026.

Zephrynet sees a considerable demand for WBTC in the future and a more optimistic behaviour from WBTC holders. This would lead to a 173.79% increase in the price of WBTC, allowing it to reach $98,167.9 in 2025.

Analysis Q&As

What is Wrapped Bitcoin price today?

Wrapped Bitcoin - WBTC price today is [price] within 24-hour trading volume of [Volume].

What is Wrapped Bitcoin price in Canada?

Wrapped Bitcoin - WBTC price today is [price] within 24-hour trading volume of [Volume].

What is Wrapped Bitcoin price in USA?

Wrapped Bitcoin - WBTC price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Wrapped Bitcoin?

Wrapped Bitcoin hit an all time high of [All High].

What was the lowest price for Wrapped Bitcoin?

Wrapped Bitcoin had an all time low of [All Low].

What was the 24 hours trading volume of Wrapped Bitcoin?

The 24 hour trading volume of Wrapped Bitcoin is [Volume].

What Wrapped Bitcoin value has been traded in the past 24 hours?

The Wrapped Bitcoin value traded over the last 24 hour is [Volume].

Where can Wrapped Bitcoin be traded?

You can trade Wrapped Bitcoin on CoinSmart, Bitbuy, NetCoins, Newton, and Coinberry. The popular trading pairs for Wrapped Bitcoin in the market includes WBTC/USD, Wrapped Bitcoin/CAD, Wrapped Bitcoin/EUR, Wrapped Bitcoin/GBP, and Wrapped Bitcoin/AUD. Wrapped Bitcoin is a token that is related to the DeFi, categories.

Where to buy Wrapped Bitcoin in Canada?

You can buy Wrapped Bitcoin in Canada on CoinSmart, Bitbuy, NetCoins, Newton, and more. Check out other popular Wrapped Bitcoin exchanges on our best crypto exchange in Canada article.

Where to buy Wrapped Bitcoin in USA?

You can buy Wrapped Bitcoin in USA on CoinSmart, Coinbase, Binance, KuCoin, and more. Check out other popular Wrapped Bitcoin exchanges on our best crypto exchange in the USA article.

What exchange is Wrapped Bitcoin on?

Online traders can buy or sell Wrapped Bitcoin (WBTC) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

What wallets can store Wrapped Bitcoin?

You can store your Wrapped Bitcoin safely on Zengo, Keepkey, Trezor Model One, Ledger Nano S, and Trezor Model T wallet. To see more popular wallet visit our best crypto wallet article.

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Wrapped Bitcoin Price CAD Conversion

Convert Wrapped Bitcoin to CAD

WBTC to CAD

WBTC

CAD

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert CAD to Wrapped Bitcoin

WBTC to CAD

CAD

WBTC

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 WBTC to CAD

0.001 [BTC]

$26.19928 [CAD]

Wrapped Bitcoin Technicals

See Comparewise coin rating definitions for more information.

Wrapped Bitcoin Price Statistics
Wrapped Bitcoin Price Today

09/20/2023

Wrapped Bitcoin Price

$22,014.48

Wrapped Bitcoin Price Change (24H)

$22,014.48

Wrapped Bitcoin Price (24H Low)

$22,014.48

Wrapped Bitcoin Price (24H High)

$22,014.48

Wrapped Bitcoin Price (All Time High)

$22,014.48

Wrapped Bitcoin Market Cap

$22,014.48

Wrapped Bitcoin Volume (24H)

$22,014.48

Wrapped Bitcoin Circulating Supply

$121.3M

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