tBTC

What is tBTC (TBTC)?

What is tBTC? tBTC allows you to unlock your Bitcoin’s value to borrow and lend, mint stablecoins, provide liquidity, and much more. tBTC is a decentralized wrapped Bitcoin that is 1:1 backed by main-net BTC. Existing solutions bringing Bitcoin to Ethereum require you to send your Bitcoin to an intermediary, who then issues you an Ethereum token representing your original asset. This centralized model requires you to trust a third party and is prone to censorship, sacrificing Bitcoin's promise of secure, permissionless decentralization. How does tBTC solve this issue?

How does tBTC work?

Instead of centralized intermediaries, tBTC uses a randomly selected group of operators running nodes on the Threshold Network to secure deposited Bitcoin through threshold cryptography. That means tBTC requires a threshold majority agreement before operators perform any action with your Bitcoin. By rotating the selection of operators weekly, tBTC protects against any individual or group of operators colluding to fraudulently seize the underlying deposits. By relying on an honest-majority-assumption, we can calculate the likelihood any wallet comprised of a quorum of dishonest operators.

What is tBTC used for?

An insurance backstop (the coverage pools), serves as an emergency fallback in the event a wallet is compromised. What is Threshold Network? Threshold.network stems from the merger of NuCypher and Keep networks into a single decentralized network — it delivers a suite of threshold cryptography services for web3 applications through a decentralized network of staking nodes. The whole community is governed by a DAO.

Where can you buy tBTC?

tBTC (TBTC) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for TBTC sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.

You can open the Markets section above to see the live list of exchanges quoting TBTC, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.

What is the daily trading volume of tBTC (TBTC)?

The reported 24-hour trading volume of tBTC is $6.09M. Volume is a live reading of how much TBTC changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.

For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.

What is the highest and lowest price for tBTC (TBTC)?

tBTC reached an all-time high of $125,646.00 on October 6, 2025, and an all-time low of $10,104.30 on September 23, 2020. It is currently trading -36.81% from its peak and +685.78% from its bottom.

The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where TBTC sits in its long-run price range.

What is the market cap of tBTC (TBTC)?

tBTC's market capitalization is currently $412.28M, and it is ranked #9999 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (5.19 thousand TBTC are actively circulating today).

Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.

What is the fully diluted valuation of tBTC (TBTC)?

The fully diluted valuation (FDV) of tBTC is $412.31M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.

FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.

How does the price performance of tBTC compare against its peers?

Over the past 24 hours, tBTC has moved -1.57%. Over the past seven days, the change is -2.16%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether TBTC is leading, lagging or tracking the broader market.

For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare tBTC against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.

How to store tBTC?

Like any crypto asset, the right way to store TBTC depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.

For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.