Wrapped Bitcoin Rank 442
Website
589 WBTC

Wrapped Bitcoin
Wrapped Bitcoin
WBTC

Wrapped Bitcoin $7,554.70680000
₿0.9993090202

4.03 %

24h Vol
16 BTC
$119,967
1 H
-0.36 %
24 H
4.03 %
7 d
-7.9 %
Current Wrapped Bitcoin price is 7,554.71 USD, and if converted to Bitcoin is 0.99930902 BTC. A total of 589 coin's are currently circulating in the Market. Wrapped Bitcoin price change last 24 hours is 4.03 %, for more info please view all cryptocurrencies. Over the past 24 hours 0.001 M US dollars Wrapped Bitcoin has been traded on Crypto Exchanges. Track / follow Wrapped Bitcoin's progress by adding it to your favourites by creating a free portfolio if you wish.
Full Name
Wrapped Bitcoin
Symbol
WBTC
Algorithm
ETH Token
BTC Price
0.99930902 BTC
BTC Market
589 BTC
BTC 24h Vol
16 BTC
Total Coins Mined
589 WBTC
1h
-0.36 %
24h
4.03 %
7d
-7.9 %
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Description

Description


Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. 

To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.


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