What is Wrapped Bitcoin (WBTC)?

WBTC represents Bitcoin in the Ethereum ecosystem. Traditional Bitcoins do not allow to use applications on the Ethereum network, such as decentralized exchanges and lending services. WBTC is an Ethereum token that is backed 1:1 by Bitcoin and allows you to use these applications. The 1:1 backing balances the price between WBTC and BTC. WBTC is maintained by a DAO that consists of 30 members. These include the exchanges and custodians Bitgo, Ren, and Kyber.
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WBTC
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Cryptohunt's Opinion

Our take on Wrapped Bitcoin

Bitcoin has the major disadvantage that, unlike the Ethereum Blockchain, there is no large ecosystem of applications, such as NFTs, lending protocols or digital exchanges. WBTC gives the possibility to hold a 1:1 backed Bitcoin, but still operate directly on the Ethereum Network. Nevertheless, you should be aware that with WBTC you do not hold a real Bitcoin, but rely on the WBTC DAO, which is led among others by the central custodian Bitgo.
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What makes Wrapped Bitcoin special?
Wrapped Bitcoin is a powered by, uses to validate transactions, and is. Wrapped Bitcoin also supports.

Interesting facts about Wrapped Bitcoin

Here are some facts you may not already know about Wrapped Bitcoin. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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WBTC gets maintained by a DAO led by Bitgo, Ren, and Kyber.

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Each Wrapped Bitcoin is backed by one Bitcoin. Thus, the rates converge, but do not necessarily have to be the same.

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Wrapped Bitcoin is Bitcoin on the Ethereum Blockchain.

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Wrapped Bitcoin price and insights

See how much Wrapped Bitcoin is worth and learn from other insightful metrics
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Community Reviews
No reviews yet
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
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# Telegram members
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% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Wrapped Bitcoin, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
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# Active Discord members
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