Wrapped Bitcoin (wBTC) Price Chart and Coin Index Guide

Understanding the wBTC Price Chart

This graphical representation of the wBTC price chart displays distinctive patterns that signal potential price movements. Each data point reflects the daily closing price, offering a quick overview of market trends over specific periods.

Key elements to note:

• Candlesticks: Visual indicators showing bullish (green) or bearish (red) trends.
• Vertical lines: Represent the high-to-low price range.
• Body blocks: Illustrate the difference between opening and closing prices.

Use this chart to analyze price trends and execute informed trading strategies.

What Is Wrapped Bitcoin (wBTC)?

Wrapped Bitcoin (wBTC) is an ERC-20 token pegged 1:1 to Bitcoin (BTC), enabling Bitcoin’s use in Ethereum-based decentralized applications (dApps). It bridges Bitcoin’s liquidity with Ethereum’s programmability, facilitating fast transactions without cross-chain transfers.

👉 Explore Ethereum’s role in DeFi

Key distinctions:

• wBTC is backed by Bitcoin but doesn’t grant access to the BTC network.
• It standardizes Bitcoin into the ERC-20 format transparently.

How Is wBTC Minted?

1. A user submits BTC to a merchant (e.g., Airswap).
2. The merchant transfers BTC to a BitGo custodian.
3. After confirmations, the custodian mints wBTC and sends it to the merchant’s Ethereum address.
4. The user receives wBTC upon ID verification.

Decentralized exchanges allow swapping ETH/USDT for wBTC.

wBTC Opportunities in DeFi

With a $9.8B market cap (2022), wBTC unlocks DeFi potential:

• Yield farming and liquidity mining.
• Collateral for crypto-backed loans.
• Margin trading on derivatives platforms.

Alternative Tokenized Bitcoin Versions

Centralization risks: wBTC relies on custodians, introducing trust dependencies.

wBTC Founders and Governance

Developed by: BitGo, Kyber Network, and Ren.
Launched: January 2019.
Governance: wBTC DAO (17 members) controls multisig wallets and protocol upgrades.

How Does wBTC Work?

1. Minting: Users deposit BTC → custodian mints wBTC.
2. Burning: wBTC is destroyed to redeem BTC.

Merchants handle KYC/AML compliance.

wBTC Price Index Trends

wBTC mirrors Bitcoin’s price:

• All-time low: $3,139.17 (April 2019).
• All-time high: $66,109.97 (October 2021).

How to Buy wBTC

Credit/Debit Card Purchase via CEX.IO:

1. Register and verify your account.
2. Navigate to Instant Buy.
3. Select wBTC and enter amount.
4. Confirm purchase.

👉 Buy crypto securely

Where to Buy Crypto

Platforms like CEX.IO support:

• BTC/USD trading.
• Purchases via credit/debit cards.
• Live price tracking.

wBTC Price History

Note: Cryptocurrencies are volatile. Past performance doesn’t guarantee future results. Always research and assess risks.

FAQ

Can I trade wBTC on CEX.IO’s mobile app?

Yes. Use the Trade Pro tab for market/limit orders and live charts.

How do I link my card to CEX.IO?

1. Go to Cards → Add New Card.
2. Enter card details and verify via email.

How do I sell wBTC?

1. Select Sell in the app.
2. Choose fiat currency and wBTC amount.
3. Confirm transaction.

Where can I check wBTC prices?

• Spot Trading page for candlestick charts.
• Cryptocurrency Prices section for real-time data.

Final Tip: Diversify investments and stay updated with market trends. For advanced tools, visit OKX.