Price Wrapped Bitcoin (WBTC)
374,183,384.3   3.91621%

Market Cap. : IDR 60,982,541,460,000 3.91621%

Wrapped Bitcoin Price Live Data

The live Wrapped Bitcoin price today is IDR 374,183,384.3 with a 24-hour trading volume of IDR 2,243,799,959,000. We update our WBTC to price in real-time. Wrapped Bitcoin is 3.91621% in the last 24 hours. The current ranking is #18, with a live market cap of IDR 60,982,541,460,000. It has a circulating supply of 162,974 WBTC coins and a max. supply of 0 WBTC coins.

If you would like to know where to buy Wrapped Bitcoin , the top cryptocurrency exchanges for trading in Wrapped Bitcoin stock are currently Binance, OKEx, CoinFLEX, and CoinTiger.

Chart Wrapped Bitcoin to IDR

What is Wrapped Bitcoin (WBTC)?

"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."

Resources

•  Whitepaper
•  Official website

Buying tips Wrapped Bitcoin (WBTC)

The combination of technical and non-technical analysis is very important before deciding to buy a crypto asset, in this case Wrapped Bitcoin (WBTC). Technically you can combine several indicators to get the right formula for determining the entry point Wrapped Bitcoin. For example, you can use the MACD indicator to find the ideal crossover point, then combine it with the RSI to measure the saturation point of sellers and buyers.

Besides technical, non-technical factors also need to be analyzed. "News" can affect the price of an asset both in the short and long term, good news or a new project from Wrapped Bitcoin can lead to positive sentiment which results in an increase in the exchange rate in trading. On the other hand, bad news from Wrapped Bitcoin can have a depreciating effect on the asset's value. Apart from this, news or policies related to the global economy can also affect the value of Wrapped Bitcoin. So make sure you have analyzed these factors before starting to trade.

In addition to entry points, you should also know when is the best time to sell Wrapped Bitcoin. So when is the right time? the following are brief tips.

• When the price Wrapped Bitcoin is high, the first moment that could be a good time to sell Wrapped Bitcoin is when the price the asset is high. It should be noted that in investing there is a rule that investors need to remember, namely 'Buy When Cheap and Sell When Expensive'.
• Prices Wrapped Bitcoin Rise In the Short Term, Very fast price fluctuations make investors Wrapped Bitcoin too need to periodically monitor the price of a coin. Because, there is some momentum where crypto coins can experience price spikes in a short time. For those of you who use the PRO and PREMIUM tradingpoint features, you will get a notification(*) if Wrapped Bitcoin experiences a significant increase. Well, if you get the time, then it's a good time to sell some of the Wrapped Bitcoin owned. But usually, this condition occurs for small coins where the per-coin price range is not too high.
• Trading volume Wrapped Bitcoin high, Price increase & decrease chart Wrapped Bitcoin can also be monitored through the transaction cycle happens to a crypto asset.

Those are some brief tips that you can use as parameters in buying or selling Wrapped Bitcoin, of course, besides that there are many other indicators that you can use to trade/invest.