Wrapped Bitcoin Price Chart in INR

Day
Week
Month

Last Price _{▲ 3.97
%}

₹ 51,42,945

24h High

₹ 51,67,974

24h Low

₹ 49,03,502

24h Vol

₹ 37591674843

1 WBTC to INR

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Current Price of 1 WBTC = 600,000 INR

For 100 INR you will get = 0.00045 WBTC

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Wrapped Bitcoin Price History in INR

Day
Week
Month

Time	Price in INR	Change in %

Time	Price in INR	Change in %

Time	Price in INR	Change in %

About Wrapped Bitcoin (WBTC)

Market Cap Rank

#16

Wrapped Bitcoin (WBTC) is an ERC-20 token that denotes Bitcoin (BTC) on the Ethereum blockchain. The biggest advantage of Wrapped Bitcoin is its seamless integration into the world of Ethereum wallets, decentralized apps, and smart contracts.

These features enable WBTC to be more advantageous over other altcoins. In spite of being a WBTC partner, 1 Bitcoin can be converted to 1 Wrapped Bitcoin, and vice-versa.

The Bitcoin that is responsible for backing Wrapped Bitcoins (WBTC) is verifiable through a “proof of reserve” system that checks that 1:1 backing between minted WBTC tokens and Bitcoin is stored by custodians.

This altcoin, Wrapped Bitcoin is maintained by a group called the WBTC DAO that now comprises over 30 members. WBTC was originally founded by BitGo, Ren, and Kyber.

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Wrapped Bitcoin (WBTC) Price Prediction

Wrapped Bitcoin Price Today in India is ₹ 51,42,945 with a 24-hour trading volume of ₹37,59,16,74,843. In the last 24 hours, WBTC-INR price has increased by 3.97%. Wrapped Bitcoin CoinMarketCap rank is 16. The circulation supply of Wrapped Bitcoin is 1,55,232.81826528WBTC coins, with maximum circulating supply being unlimited.

Wrapped Bitcoin Price in India (WBTC to INR) in 2020

On 25 December 2020, the price of the WBTC Coin was Rs1,746,468. However, the price of WBTC increased from the coming days that is on 28 December 2020 at Rs1,939,090 and remained mostly the same with an extremely minute difference when the price of WBTC hit a high of Rs2,112,034 on December 31, 2020.

Wrapped Bitcoin Price in India (WBTC to INR) in 2021

WBTC Coin increased further to Rs2,697,548 on 7 January 2021. 11 January 2021 was the highest that the WBTC Coin had ever soared up concerning this month of the years at Rs2,112,034. Initially, at the start of the year, the altcoin, WBTC coin had hit a price that is as high as Rs 2,117,430 on 1 January 2021. However, the WBTC coin has started picking up its pace this month and continues to rise exponentially.

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Wrapped Bitcoin Features

Liquidity

One of the most distinct advantages of WBTC is its greater liquidity in the market. The Ethereum ecosystem is extremely diverse. This distribution of funds can create a scenario where the decentralized exchanges and other platforms lack the necessary liquidity to function optimally.

Low liquidity renders an exchange that is less effective as users can’t trade their tokens quickly and for the amount they desire. WBTC incorporates the liquidity of BTC into the flexibility of Ethereum’s ecosystem. In this way, WBTC closes the liquidity loop between many CeFi and Decentralized Finance products.

New Functionalities

WBTC provides users with more functionality compared to regular BTC. For example, WBTC has a higher advantage against Ethereum’s robust smart contracts. Smart contracts are self-executing pre-programmed protocols. They are considered an important part of the core technology blockchain sector.

However, it happened when Ethereum entered the market years after BTC. As a result, Bitcoin lacks a feature called smart contracts. This gives WBTC an edge that includes Smart Contracts.

Defi BTC

It’s the spark that lit the WBTC fire. Defi applications transform traditional centralized financial services into a decentralized version. Apps like Compound help the users to replace banks and provide liquidity in exchange for rewards.

Staking WBTC

A majority of users are required to lock their cryptocurrency into a smart contract for an agreed time in exchange for rewards. Users who convert their BTC over to WBTC can take advantage of these protocols to the next generation. For example, platforms such as BuyUCoin allow you to automatically earn rewards by staking WBTC in your network wallet.

Yield Farming BTC

There is a very slight difference between staking and farming. Specifically, farming protocols have shorter lockup periods. Many farming systems allow network users to lend out their crypto with interest. For example, Compound allows anyone to secure a passive income lending out WBTC to other users in the network via farming pools.

Should I Buy Wrapped Bitcoin in India with BuyUcoin?

BuyUcoin users can buy and sell Wrapped Bitcoin through various payment methods we provide. It’s quick, simple, and safe. BuyUcoin is an exchange platform where consumers can swap digital currencies such as Bitcoin, Ethereum, Shiba Inu, Dogecoin and over 150 other cryptocurrencies. In addition, when you sign up, you will be rewarded with free Bitcoin worth INR 100.

BuyUcoin, which has over 1M+ registered users, provides a comprehensive range of options that allow users to buy, sell, trade and store cryptocurrencies at a low price in India. Start trading now to receive INR100 worth of free Wrapped Bitcoin after registering.