Wrapped Bitcoin Price, News and Analysis (WBTC)

Wrapped Bitcoin logo
$57,360.13
-1,994.96 (-3.48%)
(As of 05/9/2021 10:15 AM ET)
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1-Hour Price Change +0.15%
1-Day Price Change -3.48%
7-Day Price Change +0.79%
1-Day Volume$296.89 million
Market Cap$9.80 billion
BTC Price0.99954225 BTC
Circulating Supply170,816
Total Supply170,816
Maximum SupplyN/A

About Wrapped Bitcoin (WBTC)

Currency Details

Name Wrapped Bitcoin
SymbolWBTC
Market Capitalization$9.80 billion
Coin or TokenCoin
AlgorithmScrypt
Proof TypePoW/PoS
Genesis Date11/27/2018
Mineable?No

Official Links

Official Websitewbtc.network
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@WrappedBTC
Facebook PageN/A
Github AccountView

Community Discussion

Reddit CommunityN/A
Telegram GroupN/A
Discord GroupN/A
Message BoardN/A
Message Board (Alt)N/A

Research Tools

Blockchain Exploreretherscan.io
Blockchain Explorer (Alt)ethplorer.io
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Wrapped Bitcoin (WBTC) Frequently Asked Questions

What is Wrapped Bitcoin?

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. (Description provided by CryptoCompare)

How do I buy Wrapped Bitcoin?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Wrapped Bitcoin.

Where can I get Wrapped Bitcoin wallet?

Wrapped Bitcoin produces its own wallet software that is available for download on its website, which allows you to store Wrapped Bitcoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Wrapped Bitcoin?

One Wrapped Bitcoin (WBTC) is currently worth $57,360.13 on major cryptocurrency exchanges. You can also exchange one Wrapped Bitcoin for 0.99954225 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Wrapped Bitcoin in U.S. dollars is $9.80 billion.

What hashing algorithm does Wrapped Bitcoin use?

Wrapped Bitcoin is a proof of work (PoW) and proof of stake (PoS) coin that uses the Scrypt algorithm.

How do I mine Wrapped Bitcoin?

Wrapped Bitcoin and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to Wrapped Bitcoin?

The following coins use Wrapped Bitcoin's Scrypt algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Cosmos, Creditcoin, Venus, Function X, Phantasma, Darwinia Network, mStable USD, Redd, StableXSwap, Nestree, DAOstack, Offshift, ChatCoin, OKCash and HempCoin.


MarketBeat Community Rating for Wrapped Bitcoin (WBTC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  239 (Vote Outperform)
Underperform Votes:  239 (Vote Underperform)
Total Votes:  478
MarketBeat's community ratings are surveys of what our community members think about Wrapped Bitcoin and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Wrapped Bitcoin (WBTC) Price Chart for Sunday, May, 9, 2021

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Google Trends

Wrapped Bitcoin (WBTC) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Wrapped Bitcoin. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Wrapped Bitcoin" over the last 90 days.



Wrapped Bitcoin (WBTC) Website Traffic

Wrapped Bitcoin (WBTC) Social Media Trends

Headlines

Wrapped Bitcoin (WBTC) News Headlines

SourceHeadline
Ethereum’s AAVE, WBTC link that traders need to knowEthereum’s AAVE, WBTC link that traders need to know
ambcrypto.com - May 3 at 2:01 AM
Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on EthereumSide-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum
news.bitcoin.com - December 21 at 7:06 AM
Crypto Exchange Gemini Announces Support for 15 New DeFi TokensCrypto Exchange Gemini Announces Support for 15 New DeFi Tokens
feedproxy.google.com - September 26 at 12:06 PM
Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main SidechainYield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain
news.bitcoin.com - June 27 at 8:05 AM

Social Media Mentions


This page was last updated on 5/9/2021 by MarketBeat.com Staff
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