Wrapped Bitcoin Price Reaches $28,299.22 (WBTC)

0.00549657 BTC on exchanges including Binance, Kyber Network, and Uniswap (V2). WBTC traded lower against the US dollar, and is now worth $28,299.22 or 0.00549657 BTC.

The dollar fell 2.1% against the euro during the day ending at 23:00 Eastern time on the 7th of May. On major exchanges, one Wrapped Bitcoin token is now available for around $28,299.22 (or 0.99972804 BTC). Wrapped Bitcoin, with a market capitalization of $4.37 billion, was traded at exchanges for $93.45 millions in the past day.

The performance of other crypto currencies in the past day is shown below:

KILT Protocol, or KILT, is now trading at $0.44 (0.00001550 BTC) after a 11.1% increase in the dollar.

Aidi Finance BSC (AIDI) has traded down 2.2% in relation to the dollar, and is now trading at $0.0000 or 0.00000000 BTC.

Zoo Token (ZOOT), which trades for $0.0652, or 0.00000239 BTC, has fallen 2.2% in value against the dollar.

CareCoin (CARES), which is a cryptocurrency, has traded at 0.00000297 BTC or $0.0809 against the dollar. This is a 2.2% decline.

OmniaVerse, or OMNIA, is now trading at $0.0026 (0.00000009 BTC) after gaining 8.7% in value against the dollar.

Kitty Inu, or KITTY, is now trading at $95.84 (0.00338062 BTC) after a 1.9% increase against the dollar.

Hokkaidu Inu, or HOKK, traded at $0.0004 (or 0.00000002 Bitcoin) after falling 1.5% against the dollar.

Lego Coin (LEGO), which trades for $0.0166, or 0.00000059 BTC, is up 3% against the dollar.

Jeff in Space (JEFF), which trades for $2.75, or 0.00010076 BTC, has fallen 2.2% in value against the dollar.

Lumi Credits (LUMI), which trades for $0.0072, or 0.00000026 BTC, is down 1.8% against the dollar.

The genesis date for Wrapped Bitcoin was November 27, 2018. The total supply of Wrapped Bitcoin is 154510 tokens. Here is a link to the article

CryptoCompare states that Wrapped Bitcoin (WBTC), is the first ERC20 token backed 1:1 by Bitcoin. WBTC converts Bitcoin into the ERC20 format and creates smart contracts using Bitcoin. It is now easier to create smart contracts that incorporate Bitcoin transfers.

A user must request tokens from the merchant in order to receive WBTC. The merchant performs KYC/AML procedures to verify the user's identification. After this, the user and the merchant will execute the swap. The user will send Bitcoin to the merchant and the merchant will send WBTC to the user.

Wrapped Bitcoin: Buying and selling

In most cases, it is not possible to purchase alternative cryptocurrencies like Wrapped Bitcoin using US dollars. Wrapped Bitcoin investors should first purchase Bitcoin or Ethereum on an exchange dealing in US Dollars such as Changelly or GDAX. MarketBeat.com’s FREE CryptoBeat Newsletter