Convert and Swap Wrapped Bitcoin WBTC to United States Dollar USD
WBTC/USD: 1 Wrapped Bitcoin equals $94,802.96 USD
Wrapped Bitcoin (WBTC) is not tradable on Coinbase.
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Last update: 10:57 PM, December 22, 2024
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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 $94,802.96 per WBTC. With a circulating supply of 134,015.919 WBTC, it means that Wrapped Bitcoin has a total market cap of $12,702,421,495.45. The amount of Wrapped Bitcoin traded has fallen by $41,459,404.58 in the last 24 hours, which is a 19.89% decrease. Additionally, in the last day, $208,449,141.52 worth of WBTC has been traded.
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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 United States Dollar differ
Wrapped Bitcoin (WBTC) and the US Dollar (USD) are two distinct forms of currency, each with their 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. On the other hand, the USD is a traditional fiat currency, issued and regulated by the U.S. government, and used as the standard unit of value in international markets. Unlike WBTC, the USD is not tied to any digital asset and does not operate on a blockchain. It is used in traditional finance systems and does not have the same level of integration with DeFi applications. The value of WBTC is backed by Bitcoin at a 1:1 ratio, maintained by a network of merchants and custodians, while the value of the USD is backed by the full faith and credit of the U.S. government.
Frequently asked questions
How much is 1 Wrapped Bitcoin in USD?
Right now, 1 Wrapped Bitcoin is worth about $94,802.96.
How much WBTC could I buy for 1 USD?
Based on the current rate, you could get 0.000011 WBTC for 1 USD.
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 USD?
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.000053 WBTC. Inversely, 5 WBTC will cost about $474,014.80
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.
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A selection of other popular currency conversions of Wrapped Bitcoin to various fiat currencies.
WBTC to United States Dollar conversion tables
The exchange rate of Wrapped Bitcoin is decreasing.
The current value of 1 WBTC is $94,802.96 USD. In other words, to buy 5 Wrapped Bitcoin, it would cost you $474,014.80 USD. Inversely, $1.00 USD would allow you to trade for 0.000011 WBTC while $50.00 USD would convert to 0.000527 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 United States Dollar was $97,242.50 USD and the lowest 24 hour value was 1 WBTC for $94,299.58 USD. This time last month, the value of 1 WBTC was $98,622.67 USD, which is a 3.68% increase from where it is now. Looking back a year, Wrapped Bitcoin has changed by $43,969.55 USD.
WBTC to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$97,212.01 USD | -2.34% | $102,806.11 USD | -7.95% | $98,622.67 USD | -3.68% | $43,969.55 USD | 120.36% |
WBTC to USD
Amount | Today at 10:57 pm |
|---|---|
0.5 WBTC | $47,401.48 |
1 WBTC | $94,802.96 |
5 WBTC | $474,014.80 |
10 WBTC | $948,029.61 |
50 WBTC | $4,740,148.05 |
100 WBTC | $9,480,296.09 |
500 WBTC | $47,401,480.47 |
1,000 WBTC | $94,802,960.93 |
USD to WBTC
Amount | Today at 10:57 pm |
|---|---|
0.5 USD | 0.00000527 WBTC |
1 USD | 0.000011 WBTC |
5 USD | 0.000053 WBTC |
10 USD | 0.000105 WBTC |
50 USD | 0.000527 WBTC |
100 USD | 0.0011 WBTC |
500 USD | 0.0053 WBTC |
1,000 USD | 0.0105 WBTC |
Today vs. 24 hours ago
Amount | Today at 10:57 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 WBTC | $47,401.48 | $48,616.28 | -2.50% |
1 WBTC | $94,802.96 | $97,232.56 | -2.50% |
5 WBTC | $474,014.80 | $486,162.79 | -2.50% |
10 WBTC | $948,029.61 | $972,325.59 | -2.50% |
50 WBTC | $4,740,148.05 | $4,861,627.93 | -2.50% |
100 WBTC | $9,480,296.09 | $9,723,255.86 | -2.50% |
500 WBTC | $47,401,480.47 | $48,616,279.32 | -2.50% |
1,000 WBTC | $94,802,960.93 | $97,232,558.64 | -2.50% |
Today vs. 1 month ago
Amount | Today at 10:57 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 WBTC | $47,401.48 | $49,321.76 | -3.89% |
1 WBTC | $94,802.96 | $98,643.51 | -3.89% |
5 WBTC | $474,014.80 | $493,217.56 | -3.89% |
10 WBTC | $948,029.61 | $986,435.12 | -3.89% |
50 WBTC | $4,740,148.05 | $4,932,175.61 | -3.89% |
100 WBTC | $9,480,296.09 | $9,864,351.22 | -3.89% |
500 WBTC | $47,401,480.47 | $49,321,756.10 | -3.89% |
1,000 WBTC | $94,802,960.93 | $98,643,512.19 | -3.89% |
Today vs. 1 year ago
Amount | Today at 10:57 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 WBTC | $47,401.48 | $21,989.42 | +115.56% |
1 WBTC | $94,802.96 | $43,978.84 | +115.56% |
5 WBTC | $474,014.80 | $219,894.21 | +115.56% |
10 WBTC | $948,029.61 | $439,788.42 | +115.56% |
50 WBTC | $4,740,148.05 | $2,198,942.11 | +115.56% |
100 WBTC | $9,480,296.09 | $4,397,884.22 | +115.56% |
500 WBTC | $47,401,480.47 | $21,989,421.10 | +115.56% |
1,000 WBTC | $94,802,960.93 | $43,978,842.20 | +115.56% |
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