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Bitcoin BEP2

Bitcoin BEP2 priceBTCB

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Bitcoin BEP2 price calculator

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BTCB
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USD
1 BTCB = 52,087.56 USD
Last updated 2024-02-20 21:31:46(UTC-0)

Bitcoin BEP2 price live data summary

The live price of Bitcoin BEP2 is $52,087.56 per (BTCB / USD) today with a current market cap of $2.81B USD. The 24-hour trading volume is $535.96M USD. BTCB to USD price is updated in real time. Bitcoin BEP2 is +0.39% in the last 24 hours. It has a circulating supply of 53,965.95 .

What is the highest price of BTCB?

BTCB has an all-time high (ATH) of $85,563.98, recorded on 2019-10-21.

What is the lowest price of BTCB?

BTCB has an all-time low (ATL) of $0.07685, recorded on 2021-06-23.

Bitcoin BEP2 price performance in USD

24h7d30d90d1yAll-time
+0.39%+4.94%+25.01%+38.15%+109.91%+470.22%

Bitcoin BEP2 price history in USD

TimeLowHigh
24h$51,032.45$52,797.32
7d$49,399.59$52,762.01
30d$38,575.88$52,797.32
90d$36,755.75$52,797.32
1y$19,634.7$52,797.32
All-time$0.07685(2021-06-23, 2 years ago )$85,563.98(2019-10-21, 4 years ago )

Bitcoin BEP2 market information

Market capCombinedShapeIcon
$2,810,954,475.43
+0.39%
Fully diluted market capCombinedShapeIcon
$3,151,349,041.73
+0.39%
Volume (24h)CombinedShapeIcon
$535,961,586.64
+1.57%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+89.00%
24h volume / market capCombinedShapeIcon
0.1906
Circulating supplyCombinedShapeIcon
53,965.95 BTCB
Total supply / Max supplyCombinedShapeIcon
60,501 BTCB
-- BTCB
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Bitcoin BEP2 ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Bitcoin BEP2(BTCB)

What Is Bitcoin BEP2?

A token represents a unit of value issued by a project. These tokens can exist on a blockchain that supports them, like Ethereum's ERC-20 tokens. While Bitcoin, being a cryptocurrency, isn't typically categorized as a token, the introduction of Bitcoin BEP2 changes this narrative.

Bitcoin BEP2 is a tokenized representation of Bitcoin in a 1:1 ration on the Binance Chain. In simpler terms, it's a version of Bitcoin that exists on a different blockchain, specifically the Binance Chain, which uses the BEP2 token standard. This means that while Bitcoin operates on its own blockchain, Bitcoin BEP2 allows users to have a version of Bitcoin that functions within the Binance Chain ecosystem.

Binance Chain is a blockchain platform developed by Binance, one of the world's leading cryptocurrency exchanges. It is optimized for ultra-fast trading, ensuring that users can transact and trade tokens with minimal delays. BEP2 is the token standard for Binance Chain, much like ERC-20 is for Ethereum. Bitcoin BEP2, therefore, is the embodiment of Bitcoin within this high-speed environment.

Resources

Official website: https://bitcoin.org/en/

How Does Bitcoin BEP2 Work?

Bitcoin BEP2 operates as a hybrid, merging the reliability of Bitcoin with the rapid efficiency of the Binance Chain. At its core, it's a tokenized representation of Bitcoin on the Binance Chain. This means that for every Bitcoin BEP2 issued, a corresponding amount of Bitcoin is locked up as collateral, ensuring a consistent pegging of value between the two. This mechanism maintains trust, assuring users that each Bitcoin BEP2 they hold is backed by an actual Bitcoin.

The integration of Bitcoin BEP2 within the Binance Chain is facilitated by the BEP2 token standard. This ensures compatibility and seamless interaction with other tokens within the Binance ecosystem. Moreover, a crucial feature is the swapping mechanism. Through certain designated nodes or entities, users can comfortably exchange their traditional Bitcoin for Bitcoin BEP2 and vice versa. These nodes guarantee the sanctity of the 1:1 backing, allowing users to transition between the Bitcoin blockchain and the Binance Chain effortlessly.

Bitcoin BEP2's Impact on Finance

Bitcoin BEP2's emergence has potentially far-reaching consequences for the financial sector:

- Enhanced Liquidity: With Bitcoin BEP2, there's an additional layer of liquidity in the market. Given the immense popularity of Binance as an exchange, this can lead to more fluid trading operations and opportunities.

- Bridging Traditional Finance and Crypto: By allowing the world's leading cryptocurrency (Bitcoin) to operate within another prominent blockchain ecosystem, Bitcoin BEP2 serves as a conduit between traditional finance mechanisms and the world of cryptocurrency.

- Diverse Financial Products: With Bitcoin operating within the Binance Chain environment, there's potential for new and diversified financial products. This includes unique trading pairs, financial instruments, and even lending protocols that use Bitcoin BEP2 as collateral.

- Faster Transactions: One of the primary benefits of the Binance Chain is its speed. Bitcoin transactions, which sometimes suffer from network congestion, can now be executed much faster when transacted as Bitcoin BEP2 on the Binance Chain.

What Determines Bitcoin BEP2's Price?

The price dynamics of Bitcoin BEP2 (BTCB) are intrinsically linked to the value of the underlying asset it represents, which is Bitcoin. Similar to its predecessor, the BTCB current price is determined by a range of factors including market demand, trading volume, and the broader trends in the cryptocurrency market. One remarkable feature that impacts the Bitcoin BEP2 price is its 1:1 peg with Bitcoin; a mechanism that ensures that 1 BTCB is always equivalent to 1 BTC. Traders and investors closely monitor the Bitcoin BEP2 price analysis to make informed decisions in the market. This close-knit relationship with Bitcoin’s value means that any fluctuations in the Bitcoin market are directly mirrored in the BTCB live price.

In a rapidly evolving cryptocurrency market, the Bitcoin BEP2 chart and Bitcoin BEP2 price prediction tools become invaluable assets for traders on the Binance DEX platform. The BTCB market cap and BTCB trading volume are indicators of the crypto's liquidity and potential for growth. Furthermore, the transparent reserve verification system fostered by Binance is a unique factor that can influence the Bitcoin BEP2 price today, offering a high degree of transparency and trust that is sought after by modern traders. Moreover, the user-friendly approach of the Binance platform, coupled with an increasing range of trading pairs, has led to boosted BTCB trading volume, thereby having a potential positive impact on the Bitcoin BEP2 price in USD. By leveraging the transparency and the simplified processes of asset transfers to Binance Chain, traders can potentially witness an uptrend in BTCB crypto price as the ecosystem continues to expand and evolve.

Trade BTCB perpetual futures

After having successfully signed up on Bitget and purchased USDT or BTCB tokens, you can start trading derivatives, including BTCB futures and margin trading to increase your income.

The current price of BTCB is $52,087.56, with a 24h price change of +0.39%. Traders can profit by either going long or short onBTCB futures.

Join BTCB copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BTCB tokens, you can also start copy trading by following elite traders.

Bitcoin BEP2 news

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People are also inquiring about the price of Bitcoin BEP2.

What is the current price of Bitcoin BEP2?

We update our Bitcoin BEP2 to USD price in real time. Get the live Price of Bitcoin BEP2 on Bitget.

What is the 24 hour trading volume of Bitcoin BEP2?

Over the last 24 hours, the trading volume of Bitcoin BEP2 is $535.96M.

What is the all-time high of Bitcoin BEP2?

The all-time high of Bitcoin BEP2 is $85,563.98. This all-time high is highest price for Bitcoin BEP2 since it was launched.

Can I buy Bitcoin BEP2 on Bitget?

Yes, Bitcoin BEP2 is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Bitcoin BEP2?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Bitcoin BEP2 with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Bitcoin BEP2?

Bitcoin BEP2 (BTCB) is a token on the Binance Chain, fully backed by Bitcoin reserves, and pegged at a 1 BTCB = 1 BTC rate. The reserve address is publicly available, ensuring transparency. This project is part of Binance's commitment to affordable trading on its decentralized exchange (DEX). Binance Chain, known for decentralization and interoperability, introduced BEP2 guidelines for tokens to function effectively in its ecosystem.

What makes Bitcoin BEP2 unique?

Bitcoin BEP2 (BTCB) is a token on Binance Chain pegged to Bitcoin, with each BTCB backed 100% by actual Bitcoin. This pegged token offers several advantages, including increased trading pairs and liquidity on Binance DEX, the trustworthiness of Binance as a platform, transparent BTC reserves, and ease of use for traders. It provides a way for traders to access and trade BTC on the Binance Chain, addressing some of the challenges faced by Bitcoin in the DeFi space.

Is Bitcoin BEP2 safe?

The safety of Bitcoin BEP2 (BTCB) depends on the trustworthiness of the custodian, in this case, Binance, which holds the reserve of actual Bitcoins backing BTCB tokens. While BTCB is designed to be 100% backed by real Bitcoin reserves, it's important to consider the level of trust you have in Binance as a custodian. The Binance Smart Chain (BSC), where BTCB operates, has faced criticism for its low level of decentralization compared to networks like Ethereum. BSC has only 21 validators, which can raise concerns about trust and security.

What is the difference between BEP2 tokens and BEP20 tokens?

BEP2 tokens are native to the BNB Beacon Chain, while BEP20 tokens are native to the Binance Smart Chain (BSC).

Can I mine Bitcoin BEP2 (BTCB) tokens?

BTCB tokens are not mined like Bitcoin; instead, they are pegged tokens on the Binance Smart Chain, maintaining a 1:1 ratio with Bitcoin. Binance holds actual Bitcoin reserves backing BTCB tokens, ensuring transparency, and allowing users to easily convert between native and pegged tokens. BTCB enhances trading opportunities, increases liquidity, and attracts investors and traders to the Binance Smart Chain.

Who founded Bitcoin BEP2?

Changpeng Zhao, known as CZ, is the founder and CEO of Binance, the world's largest cryptocurrency exchange. With a background in computer science and experience in high-frequency trading systems, CZ has been deeply involved in blockchain technology since 2013. Before Binance, he co-founded OKCoin and worked at Blockchain.info. In 2017, he officially launched Binance, rapidly establishing it as a dominant force in the crypto industry. Additionally, CZ is the CEO of BijieTech, founded in 2015.
Cryptocurrency investments, including buying Bitcoin BEP2 online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Bitcoin BEP2, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Bitcoin BEP2 purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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