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godex WBTC

Wrapped Bitcoin (WBTC) exchange rate

Price for today

29,199,745 USD -0,04%

1,00062420 BTC -0,04%

Market Cap
4,726,276,185 $
Volume 24h
197,578,271 $

  • Name: Wrapped Bitcoin

  • Symbol: WBTC

  • Circulating supply: 161 860 $

  • Max supply: 0 $

  • Cmc rank: 15

  • Volume 24h: 197 578 270 $

  • Percent change 1h: 0,04 %

  • Percent change 24h: -0,04 %

  • Percent Change 7d: -0,18 %

About Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is the representation of Bitcoins on the Ethereum platform locked on their main network. Sometimes such assets are called Bitcoin candy wrappers. The developers also claim that every WBTC circulating on the Ethereum network is backed by an equal number of Bitcoins locked on its main network:

Wrapped Bitcoin allows users to block BTC in exchange for WBTC which is an ERC-20 token, tied to Bitcoin, and with its help to get access to the multifarious ecosystem of decentralized financing (DeFi) on the basis of Ethereum, using it as insurance.

as presented to the public in January 2019. Wrapped Bitcoin was conceived primarily as a collaborative project between the major protocols in the DeFi ecosystem.

WBTC founders explained that the main goal of this platform was to increase the liquidity of the cryptocurrency ecosystem.

WBTC is a token representing BTC on the Ethereum blockchain. This is a regular ERC-20 token. Each WBTC is fully supported by BTC in a 1: 1 ratio. The main purpose of WBTC is to transfer the stability and liquidity of BTC to the Ethereum network. "Wrapped tokens" are digital assets that are backed by other assets. They run on the Ethereum blockchain. The correspondence of their value to the underlying assets is ensured with the help of smart contracts. The price is tracked in real-time.

Top Exchanges:

Short overview of Wrapped Bitcoin

Wrapped Bitcoin  is fairly demanded crypto, which is now provided on numerous leading crypto exchanges, such as Godex.

WBTC was designed for rapid, cheap and secure payments using the advantages of blockchain technology. 

The current Wrapped Bitcoin price is 29199.74485723 with a day-to-day trading volume of 197578271. The circulating coin supply is 161860 WBTC and it has a maximum supply of 0 WBTC coins.

You can acquire the WBTC by mining, taking part in an affiliate program or by staking. You can also buy it for other crypto you have got.

WBTC exchange to another cryptocurrencies

At present, as a result of the increasing interest in WBTC, there are quite a few services where you can fast and without risk exchange it for other cryptocurrencies.

To exchange WBTC, decide on an exchange platform that offers the wanted currency pair. 

At this time, more than 300 various coins and tokens are available on Godex.io, which can be exchanged for WBTC without restrictions on the amount.

Follow clear instruction to exchange Wrapped Bitcoin:

  1. On the home page, use a convenient coin converter. Select the WBTC and write down the amount on the left. Select the name of the cryptocurrency you require on the right. If the rate provided by the exchange meets your expectations, click the “Exchange” button.
  2. Fill in your wallet address, where the funds will be sent after the transaction is finished.
  3. Send the required amount of WBTC to the given address.
  4. After the exchange receives WBTC, a transaction is made and you get a new asset to your wallet.

This same guide can be utilized for deals involving different crypto currencies.

The full swap process normally takes no more than a few minutes.

F.A.Q.

How to buy WBTC ?

You can acquire WBTC with other altcoins available on crypto exchanges. On most crypto exchanges, you are required to pass the registration process and deposit the necessary amount of cryptocurrency to purchase WBTC. 

Naturally, you should ensure that you have a Wrapped Bitcoin wallet beforehand to securely save your funds.

Is profitable trading Wrapped Bitcoin to another crypto ?

Return from trading Wrapped Bitcoin to another crypto asset depends on the coin value at the moment of the exchange. If it is high, it could be time to sell or exchange the coin. It is believed to monitor the coin price chart to compare WBTC to usd. WBTC analysis of crypto experts and forecast will also help to see the prospects for a deal.

Is Wrapped Bitcoin safe to buy ?

Wrapped Bitcoin itself is safe. Investing in it carries equal hazards as investing in any other cryptocurrency. Despite that, you can lessen the risks by trading on trusty crypto exchanges and using a trusted wallet to store Wrapped Bitcoin.

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