Coinbase Wrapped BTC - Frequently Asked Questions

Question 1

What is Coinbase Wrapped BTC?

Sharpe Labs · Accepted Answer

Coinbase Wrapped BTC ("cbBTC") is a token that is backed 1:1 by native Bitcoin (BTC) held by Coinbase, meaning that for all cbBTC in circulation, there is an equivalent amount of BTC held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbBTC, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbBTC and redeem a corresponding amount of the underlying BTC simply by depositing the cbBTC into their Coinbase accounts. cbBTC is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbBTC removes a key point of friction by allowing customers to use Bitcoin they already hold in new ways onchain. cbBTC is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their Bitcoin as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbBTC are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem. Coinbase Wrapped BTC operates on the Solana blockchain network.

Question 2

What is the current price of Coinbase Wrapped BTC?

Sharpe Labs · Accepted Answer

The current Coinbase Wrapped BTC price today is $92.03K USD. The Coinbase Wrapped BTC (cbBTC) price has increased by +3.12% over the last 24 hours. The real-time Coinbase Wrapped BTC price is up and updated live based on trading data from decentralized exchanges. You can track cbBTC price movements to make informed trading decisions.

Question 3

Where can I track Coinbase Wrapped BTC price?

Sharpe Labs · Accepted Answer

You can track Coinbase Wrapped BTC (cbBTC) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/solana/coinbase-wrapped-btc. Our platform provides live Coinbase Wrapped BTC price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and cbBTC holder analytics. The Coinbase Wrapped BTC price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track cbBTC price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent Coinbase Wrapped BTC transactions all in one place. Sharpe AI DEX Scanner is the best platform to track Coinbase Wrapped BTC price with professional-grade analytics and real-time market data.

Question 4

How many holders does Coinbase Wrapped BTC have?

Sharpe Labs · Accepted Answer

Coinbase Wrapped BTC currently has 53,176 token holders on the Solana blockchain network. The Coinbase Wrapped BTC holder count represents unique wallet addresses that actively hold cbBTC tokens. The number of Coinbase Wrapped BTC (cbBTC) holders is regularly updated and reflects the size and growth of the Coinbase Wrapped BTC community. More holders typically indicate stronger adoption and community support for Coinbase Wrapped BTC.

Question 5

What is the circulating supply of Coinbase Wrapped BTC?

Sharpe Labs · Accepted Answer

The Coinbase Wrapped BTC circulating supply is currently 73,195 cbBTC tokens. The total Coinbase Wrapped BTC supply is 4,477 cbBTC tokens. As of now, 1634.9% of the total cbBTC supply is in active circulation, meaning most of the total supply is available for trading. Coinbase Wrapped BTC (cbBTC) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of Coinbase Wrapped BTC directly impacts the token's market value and price dynamics.

Question 6

How to buy Coinbase Wrapped BTC?

Sharpe Labs · Accepted Answer

To buy Coinbase Wrapped BTC (cbBTC) on Sharpe AI DEX Scanner, click the Buy button located at the top of the Coinbase Wrapped BTC page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current Coinbase Wrapped BTC price and allow you to enter the amount of cbBTC you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for Coinbase Wrapped BTC. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track cbBTC price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying Coinbase Wrapped BTC.

Question 7

How to sell Coinbase Wrapped BTC?

Sharpe Labs · Accepted Answer

To sell Coinbase Wrapped BTC (cbBTC) on Sharpe AI DEX Scanner, click the Sell button located at the top of the Coinbase Wrapped BTC page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your cbBTC tokens. Once your wallet is connected, the interface will display your current Coinbase Wrapped BTC balance and allow you to enter the amount of cbBTC you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your Coinbase Wrapped BTC for other tokens like USDT or USDC. Review the current Coinbase Wrapped BTC price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell cbBTC for maximum returns.

Question 8

Is Coinbase Wrapped BTC a good investment?

Sharpe Labs · Accepted Answer

Whether Coinbase Wrapped BTC (cbBTC) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. Coinbase Wrapped BTC currently has 53,176 holders, which indicates the level of community adoption. Before investing in Coinbase Wrapped BTC, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze cbBTC tokenomics, including total supply, circulating supply, and token distribution. 3) Review the Coinbase Wrapped BTC whitepaper and use case to understand the project's value proposition. 4) Monitor cbBTC price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Solana blockchain explorer for contract verification and transaction history. 6) Assess Coinbase Wrapped BTC community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. Coinbase Wrapped BTC price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track Coinbase Wrapped BTC performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view Coinbase Wrapped BTC transactions?

Sharpe Labs · Accepted Answer

You can view Coinbase Wrapped BTC (cbBTC) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent Coinbase Wrapped BTC buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each cbBTC transaction shows the exact price at which the trade occurred, allowing you to analyze Coinbase Wrapped BTC trading patterns and market activity. You can filter Coinbase Wrapped BTC transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any cbBTC transaction to view complete details on the blockchain explorer. Monitor Coinbase Wrapped BTC transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for cbBTC token.

	Price	USD	cbBTC	Maker
3m	$92.00K	$500.02124	0.0₂5435	...MkbNft
4m	$92.07K	$1,500.26692	0.0163	...MkbNft
4m	$92.07K	$500.0798	0.0₂5431	...MkbNft
4m	$92.06K	$2,000.37245	0.0217	...MkbNft
4m	$92.06K	$1,420.60087	0.0154	...EcUn6f
4m	$92.05K	$500.09226	0.0₂5432	...MkbNft
4m	$92.05K	$1,000.19404	0.0109	...MkbNft
4m	$92.05K	$500.09226	0.0₂5432	...MkbNft
4m	$92.05K	$500.11403	0.0₂5433	...MkbNft
4m	$92.05K	$500.09681	0.0₂5433	...MkbNft
4m	$92.05K	$500.11982	0.0₂5433	...MkbNft
4m	$92.05K	$3.43627	0.0₄3733	...gdyfT4
4m	$92.04K	$1,517.34008	0.0165	...XhNBf3
4m	$92.03K	$1,000.10996	0.0109	...MkbNft
4m	$92.04K	$23.66333	0.0₃2571	...6WTqG7
4m	$92.03K	$138.37633	0.0₂1503	...3qE8Sd
4m	$92.03K	$957.41032	0.0104	...Btbwro
4m	$92.03K	$690.64032	0.0₂7504	...Btbwro
4m	$92.03K	$314.81152	0.0₂3420	...VySrk8
4m	$92.03K	$12.26084	0.0₃1332	...8dFkSw
5m	$92.03K	$161.61601	0.0₂1756	...sc4zLU
5m	$92.03K	$108.20801	0.0₂1175	...VySrk8
5m	$92.03K	$125.06317	0.0₂1359	...GSix23
5m	$92.03K	$23.9037	0.0₃2597	...sc4zLU
5m	$92.02K	$389.94196	0.0₂4237	...WMGVWa
5m	$92.02K	$500.00733	0.0₂5433	...MkbNft
5m	$92.02K	$312.2388	0.0₂3393	...WMGVWa
5m	$92.02K	$500.05408	0.0₂5434	...MkbNft
5m	$92.02K	$63.72269	0.0₃6924	...C7trpo
5m	$92.02K	$268.93725	0.0₂2922	...VySrk8

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