Convert PAX Gold PAXG to Wrapped Bitcoin WBTC
PAXG to WBTC: 1 PAX Gold converts to 0.04994 WBTC
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About PAXG and WBTC
PAX Gold is climbing, while Wrapped Bitcoin is falling this week. The current PAXG to WBTC conversion rate is 0.04994. Inversely, this means that if you convert 1 WBTC you will get 20.02 PAXG. The conversion rate of PAXG/WBTC has increased by 0.19% in the last hour (WBTC/PAXG decreased by 0.19%). In the last 24 hours, PAXG/WBTC grew by 0.41%, while WBTC/PAXG shrunk by 0.41%.
The exchange rate of PAX Gold is increasing. The current value of 1 PAXG is 0.04994 WBTC. In other words, to buy 5 PAX Gold, it would cost you 0.24972 WBTC. Inversely, 1 WBTC would allow you to trade for 20.02 PAXG while 50 WBTC would convert to 1,001.13 PAXG, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.28%. Meanwhile, in the last 24 hours, the rate has changed by 0.14%, and that the highest exchange rate of 1 PAXG to WBTC was 0.05033 WBTC and the lowest 24 hour value was 1 PAXG for 0.04954 WBTC. Last month, 1 PAXG was worth 0.0508 WBTC. Today, it's down 1.69%. Looking back a year, PAX Gold has changed by 0.03591 WBTC. That means that in a single year, the value of PAX Gold has grown by 39.08%.
PAX Gold Market Stats
PAXG is a gold-backed stablecoin. Each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. PAXG holders own the underlying physical gold, held in custody by Paxos Trust Company.
Wrapped Bitcoin Market Stats
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.
Conversion tables
PAXG to WBTC values from Today at 2:22 pm
0.5 PAXG = 0.02497 WBTC |
1 PAXG = 0.04994 WBTC |
5 PAXG = 0.2497 WBTC |
10 PAXG = 0.4994 WBTC |
50 PAXG = 2.50 WBTC |
100 PAXG = 4.99 WBTC |
500 PAXG = 24.97 WBTC |
1,000 PAXG = 49.94 WBTC |
WBTC to PAXG values from Today at 2:21 pm
0.5 WBTC = 10.01 PAXG |
1 WBTC = 20.02 PAXG |
5 WBTC = 100.11 PAXG |
10 WBTC = 200.23 PAXG |
50 WBTC = 1,001.13 PAXG |
100 WBTC = 2,002.26 PAXG |
500 WBTC = 10,011.29 PAXG |
1,000 WBTC = 20,022.58 PAXG |
PAXG to WBTC over time
PAXG | Today | 24H 0.14% | 1M -1.72% | 1Y 28.10% |
|---|---|---|---|---|
0.5 PAXG | 0.02497 WBTC | 0.02494 WBTC | 0.0254 WBTC | 0.01795 WBTC |
1 PAXG | 0.04994 WBTC | 0.04987 WBTC | 0.0508 WBTC | 0.03591 WBTC |
5 PAXG | 0.2497 WBTC | 0.2494 WBTC | 0.254 WBTC | 0.1795 WBTC |
10 PAXG | 0.4994 WBTC | 0.4987 WBTC | 0.508 WBTC | 0.3591 WBTC |
50 PAXG | 2.50 WBTC | 2.49 WBTC | 2.54 WBTC | 1.80 WBTC |
100 PAXG | 4.99 WBTC | 4.99 WBTC | 5.08 WBTC | 3.59 WBTC |
500 PAXG | 24.97 WBTC | 24.94 WBTC | 25.40 WBTC | 17.95 WBTC |
1,000 PAXG | 49.94 WBTC | 49.87 WBTC | 50.80 WBTC | 35.91 WBTC |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.