Convert Wrapped Bitcoin WBTC to Paxos Standard PAX
WBTC to PAX: 1 Wrapped Bitcoin converts to 64,870.63 PAX
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About WBTC and PAX
Wrapped Bitcoin is falling, while Paxos Standard is climbing this week. The current WBTC to PAX conversion rate is 64,870.63. Inversely, this means that if you convert 1 PAX you will get 0.00001542 WBTC. The conversion rate of WBTC/PAX has increased by 0.16% in the last hour (PAX/WBTC decreased by 0.16%). In the last 24 hours, WBTC/PAX shrunk by 0.22%, while PAX/WBTC grew by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 64,870.63 PAX. In other words, to buy 5 Wrapped Bitcoin, it would cost you 324,353.16 PAX. Inversely, 1 PAX would allow you to trade for 0.00001542 WBTC while 50 PAX would convert to 0.0007708 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.94%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, which means that the highest exchange rate of 1 WBTC to PAX was 64,956.31 PAX and the lowest 24 hour value was 1 WBTC for 64,367.40 PAX. Last month, 1 WBTC was worth 63,591.69 PAX. Today, it's up 1.97%. Looking back a year, Wrapped Bitcoin has changed by 117,513.36 PAX. That means that in a single year, the value of Wrapped Bitcoin has shrank by 81.15%.
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.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
Conversion tables
WBTC to PAX values from Today at 2:07 am
0.5 WBTC = 32,435.32 PAX |
1 WBTC = 64,870.63 PAX |
5 WBTC = 324,353.16 PAX |
10 WBTC = 648,706.31 PAX |
50 WBTC = 3,243,531.57 PAX |
100 WBTC = 6,487,063.14 PAX |
500 WBTC = 32,435,315.69 PAX |
1,000 WBTC = 64,870,631.38 PAX |
PAX to WBTC values from Today at 2:09 am
0.5 PAX = 0.000007708 WBTC |
1 PAX = 0.00001542 WBTC |
5 PAX = 0.00007708 WBTC |
10 PAX = 0.0001542 WBTC |
50 PAX = 0.0007708 WBTC |
100 PAX = 0.001542 WBTC |
500 PAX = 0.007708 WBTC |
1,000 PAX = 0.01542 WBTC |
WBTC to PAX over time
WBTC | Today | 24H 0.05% | 1M 1.97% | 1Y -81.15% |
|---|---|---|---|---|
0.5 WBTC | 32,435.32 PAX | 32,419.56 PAX | 31,795.85 PAX | 58,756.68 PAX |
1 WBTC | 64,870.63 PAX | 64,839.11 PAX | 63,591.69 PAX | 117,513.36 PAX |
5 WBTC | 324,353.16 PAX | 324,195.56 PAX | 317,958.46 PAX | 587,566.79 PAX |
10 WBTC | 648,706.31 PAX | 648,391.11 PAX | 635,916.91 PAX | 1,175,133.57 PAX |
50 WBTC | 3,243,531.57 PAX | 3,241,955.57 PAX | 3,179,584.56 PAX | 5,875,667.87 PAX |
100 WBTC | 6,487,063.14 PAX | 6,483,911.14 PAX | 6,359,169.12 PAX | 11,751,335.75 PAX |
500 WBTC | 32,435,315.69 PAX | 32,419,555.72 PAX | 31,795,845.60 PAX | 58,756,678.73 PAX |
1,000 WBTC | 64,870,631.38 PAX | 64,839,111.45 PAX | 63,591,691.20 PAX | 117,513,357.45 PAX |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $64,747.38.
Based on the current rate, you could get 0.00001544 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has increased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00007722 WBTC. Inversely, 5 WBTC will cost about $323,736.89
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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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.