Convert and Swap Wrapped Bitcoin WBTC to Indian Rupee INR
WBTC/INR: 1 Wrapped Bitcoin equals ₹8,053,211.20 INR
Wrapped Bitcoin (WBTC) is not tradable on Coinbase.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Last update: 10:44 PM, December 22, 2024
Refresh
Wrapped Bitcoin market latest
Trade Wrapped Bitcoin on DEX
Wrapped Bitcoin can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
Wrapped Bitcoin is falling this week.
The current price of Wrapped Bitcoin is ₹8,053,211.20 per WBTC. With a circulating supply of 134,015.919 WBTC, it means that Wrapped Bitcoin has a total market cap of ₹1,079,188,041,267.24. The amount of Wrapped Bitcoin traded has fallen by ₹3,570,592,996.56 in the last 24 hours, which is a 20.20% decrease. Additionally, in the last day, ₹17,676,294,530.53 worth of WBTC has been traded.
Buy Wrapped Bitcoin with Coinbase Wallet
Create a Coinbase account to buy and sell Wrapped Bitcoin on the most secure crypto exchange.
About Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Wrapped Bitcoin (WBTC) is a unique cryptocurrency that operates on the Ethereum blockchain, while maintaining a value pegged to Bitcoin. It's an ERC-20 token, which means it's compatible with the Ethereum network's standard, allowing it to be integrated into the Ethereum ecosystem. This integration enables WBTC to be utilized in various decentralized finance (DeFi) applications, such as decentralized exchanges and crypto lending services. The value of WBTC is backed by Bitcoin at a 1:1 ratio, maintained by a network of merchants and custodians. This ensures that the price of WBTC is always equivalent to Bitcoin, facilitating the transfer of liquidity between the Bitcoin and Ethereum networks.
The creation and operation of Wrapped Bitcoin is a process that brings Bitcoin into the world of Ethereum's DeFi ecosystem. When a user wants to convert their Bitcoin into WBTC, the Bitcoin is held by a custodian who participates in the minting and burning of Ethereum-based tokens. During minting, users send Bitcoin to the custodian for storage and receive an equivalent amount in WBTC tokens. When WBTC tokens are burned, the user can reclaim their Bitcoin balance from the custodian. The WBTC DAO, consisting of governing members, decides on significant upgrades and changes to the protocol. These members can also serve as merchants or custodians managing Bitcoin assets.
Wrapped Bitcoin, being an ERC-20 token, can be used across the broader Ethereum ecosystem. This includes trading on decentralized exchanges and exploring DeFi opportunities through protocols and platforms that support WBTC. These opportunities range from lending and borrowing to yield farming, token swapping, and liquidity pools. WBTC can also be used as collateral for a crypto-backed loan, providing a viable option for businesses. Additionally, WBTC holders can earn from supplying liquidity. Another potential use case for WBTC is in margin trading, where it can be used to margin trade Ethereum, stablecoins, and other ERC-20 tokens.
Wrapped Bitcoin is a part of the Wrapped Tokens project, a joint initiative of three organizations: BitGo, Kyber Network, and Ren. BitGo, an institutional digital asset custody, trading, and financial services firm, serves as the original custodian of WBTC. Kyber Network and Ren, both focused on cross-blockchain integration of cryptocurrency assets and DeFi applications, have helped create WBTC and serve as merchants on its network. The project was first announced on October 26, 2018, and officially launched on January 31, 2019. The number of WBTC tokens in circulation is directly dependent on the amount of Bitcoin reserves in the WBTC network, with no predetermined schedule of WBTC issuance.
How Wrapped Bitcoin and Indian Rupee differ
Wrapped Bitcoin (WBTC) and the Indian Rupee (INR) are two distinct forms of currency, each with its unique characteristics. WBTC is a cryptocurrency that operates on the Ethereum blockchain, maintaining a value pegged to Bitcoin. It's an ERC-20 token, which means it's compatible with the Ethereum network's standard, allowing it to be integrated into the Ethereum ecosystem. This integration enables WBTC to be utilized in various decentralized finance (DeFi) applications, such as decentralized exchanges and crypto lending services. The value of WBTC is backed by Bitcoin at a 1:1 ratio, maintained by a network of merchants and custodians. On the other hand, the INR is a traditional fiat currency issued and regulated by the Reserve Bank of India. It's used for all types of transactions within India, from buying groceries to paying taxes. Unlike WBTC, the INR's value is not pegged to another currency but is determined by market forces such as supply and demand, inflation, and the country's economic performance. While WBTC aims to bring the liquidity of Bitcoin into the Ethereum ecosystem, the INR serves as a medium of exchange, store of value, and unit of account within the Indian economy.
Frequently asked questions
How much is 1 Wrapped Bitcoin in INR?
Right now, 1 Wrapped Bitcoin is worth about ₹8,053,211.20.
How much WBTC could I buy for 1 INR?
Based on the current rate, you could get 0.00000012 WBTC for 1 INR.
How much has the price of Wrapped Bitcoin changed?
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has increased.
How do I calculate or convert WBTC to INR?
You can use our WBTC to INR calculator at the top of this page to convert any amount of WBTC to INR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 INR is equivalent to 0.00000062 WBTC. Inversely, 5 WBTC will cost about ₹40,266,055.99
How can I buy 1 Wrapped Bitcoin on Coinbase?
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
What are assets similar to Wrapped Bitcoin that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Avalanche, Dogecoin, and Wrapped TRON. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
Buy Wrapped Bitcoin with Coinbase Wallet
Create a Coinbase account to buy and sell Wrapped Bitcoin on the most secure crypto exchange.
Browse related conversions
Popular Wrapped Bitcoin conversions
A selection of other popular currency conversions of Wrapped Bitcoin to various fiat currencies.
WBTC to Indian Rupee conversion tables
The exchange rate of Wrapped Bitcoin is decreasing.
The current value of 1 WBTC is ₹8,053,211.20 INR. In other words, to buy 5 Wrapped Bitcoin, it would cost you ₹40,266,055.99 INR. Inversely, ₹1.00 INR would allow you to trade for 0.00000012 WBTC while ₹50.00 INR would convert to 0.00000621 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.95%. Meanwhile, in the last 24 hours, the rate has changed by 2.34%, and that the the highest exchange rate of 1 WBTC to Indian Rupee was ₹8,260,779.73 INR and the lowest 24 hour value was 1 WBTC for ₹8,010,777.58 INR. This time last month, the value of 1 WBTC was ₹8,327,127.89 INR, which is a 3.68% increase from where it is now. Looking back a year, Wrapped Bitcoin has changed by ₹3,661,606.05 INR.
WBTC to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹8,258,043.98 INR | -2.34% | ₹8,719,399.73 INR | -7.95% | ₹8,327,127.89 INR | -3.68% | ₹3,661,606.05 INR | 120.36% |
WBTC to INR
Amount | Today at 10:44 pm |
|---|---|
0.5 WBTC | ₹4,026,605.60 |
1 WBTC | ₹8,053,211.20 |
5 WBTC | ₹40,266,055.99 |
10 WBTC | ₹80,532,111.98 |
50 WBTC | ₹402,660,559.91 |
100 WBTC | ₹805,321,119.82 |
500 WBTC | ₹4,026,605,599.11 |
1,000 WBTC | ₹8,053,211,198.23 |
INR to WBTC
Amount | Today at 10:44 pm |
|---|---|
0.5 INR | 0.00000006 WBTC |
1 INR | 0.00000012 WBTC |
5 INR | 0.00000062 WBTC |
10 INR | 0.00000124 WBTC |
50 INR | 0.00000621 WBTC |
100 INR | 0.000012 WBTC |
500 INR | 0.000062 WBTC |
1,000 INR | 0.000124 WBTC |
Today vs. 24 hours ago
Amount | Today at 10:44 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 WBTC | ₹4,026,605.60 | ₹4,129,382.43 | -2.49% |
1 WBTC | ₹8,053,211.20 | ₹8,258,764.87 | -2.49% |
5 WBTC | ₹40,266,055.99 | ₹41,293,824.35 | -2.49% |
10 WBTC | ₹80,532,111.98 | ₹82,587,648.69 | -2.49% |
50 WBTC | ₹402,660,559.91 | ₹412,938,243.47 | -2.49% |
100 WBTC | ₹805,321,119.82 | ₹825,876,486.93 | -2.49% |
500 WBTC | ₹4,026,605,599.11 | ₹4,129,382,434.67 | -2.49% |
1,000 WBTC | ₹8,053,211,198.23 | ₹8,258,764,869.34 | -2.49% |
Today vs. 1 month ago
Amount | Today at 10:44 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 WBTC | ₹4,026,605.60 | ₹4,189,304.41 | -3.88% |
1 WBTC | ₹8,053,211.20 | ₹8,378,608.82 | -3.88% |
5 WBTC | ₹40,266,055.99 | ₹41,893,044.08 | -3.88% |
10 WBTC | ₹80,532,111.98 | ₹83,786,088.17 | -3.88% |
50 WBTC | ₹402,660,559.91 | ₹418,930,440.83 | -3.88% |
100 WBTC | ₹805,321,119.82 | ₹837,860,881.66 | -3.88% |
500 WBTC | ₹4,026,605,599.11 | ₹4,189,304,408.32 | -3.88% |
1,000 WBTC | ₹8,053,211,198.23 | ₹8,378,608,816.65 | -3.88% |
Today vs. 1 year ago
Amount | Today at 10:44 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 WBTC | ₹4,026,605.60 | ₹1,867,743.29 | +115.59% |
1 WBTC | ₹8,053,211.20 | ₹3,735,486.57 | +115.59% |
5 WBTC | ₹40,266,055.99 | ₹18,677,432.85 | +115.59% |
10 WBTC | ₹80,532,111.98 | ₹37,354,865.70 | +115.59% |
50 WBTC | ₹402,660,559.91 | ₹186,774,328.51 | +115.59% |
100 WBTC | ₹805,321,119.82 | ₹373,548,657.01 | +115.59% |
500 WBTC | ₹4,026,605,599.11 | ₹1,867,743,285.06 | +115.59% |
1,000 WBTC | ₹8,053,211,198.23 | ₹3,735,486,570.12 | +115.59% |
Buy Wrapped Bitcoin with Coinbase Wallet
Create a Coinbase account to buy and sell Wrapped Bitcoin on the most secure crypto exchange.
Discover assets similar to Wrapped Bitcoin
Top trading volume
Browse the assets with the highest trading volume in the past 24H on Coinbase.
Buy other crypto
A selection of guides on how to buy some of the top 50 assets by market capitalization.
Explore more conversions
Advanced asset conversions
A selection of relevant cryptocurrencies you might be interested in based on your interest in Bitcoin.
More currency conversions
A selection of conversions for different assets and currencies.
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.