Buy Huobi BTC (HBTC)
What is Huobi BTC?
Huobi BTC (HBTC) is a wrapped Bitcoin token issued on the Ethereum blockchain. It is an ERC-20 token that represents Bitcoin in a 1:1 ratio, providing users the advantages of both Bitcoin and Ethereum networks.
How does Huobi BTC work?
Huobi BTC operates on the Ethereum blockchain through smart contracts. Users send Bitcoin to a custodian who holds it in reserve. Once the transaction is verified, an equivalent amount of HBTC is minted and sent to the user's Ethereum address. This wrapped token can be used across Ethereum-based applications.
What are the potential use cases for Huobi BTC?
Potential use cases for Huobi BTC include:
- Accessing DeFi applications and smart contracts on the Ethereum network.
- Trading and providing liquidity on decentralised exchanges (DEXs).
- Lending and borrowing in DeFi platforms.
- Using as collateral in DeFi protocols, providing interoperability between Bitcoin and Ethereum ecosystems.
What is the history of Huobi BTC?
Huobi BTC was launched on February 14, 2020, as part of efforts to expand Bitcoin's liquidity within the Ethereum DeFi ecosystem. The token was introduced by Huobi, initially a leading digital asset exchange founded in 2013. Despite not detailed specifically in the available search results, the launch of HBTC aligns with Huobi's broader history of innovation in bridging traditional financial markets with cryptocurrency spaces.
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Frequently Asked Questions (FAQs)
What is the current price of Huobi BTC (HBTC)?
The Huobi BTC price is $12570.34 AUD, representing a -17.82% from the day prior.
Where is the best place to buy Huobi BTC (HBTC) in Australia?
The best place to buy Huobi BTC (HBTC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Huobi BTC (HBTC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Huobi BTC (HBTC)?
The trading volume of Huobi BTC (HBTC) is $73 AUD in the last 24hrs, representing a -17.82% from the day prior.
How can I buy Huobi BTC (HBTC)?
Huobi BTC (HBTC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Huobi BTC (HBTC)?
The current market cap of Huobi BTC (HBTC) is $11.8M AUD.
Can I convert Huobi BTC (HBTC) to cash?
Yes - With Coinstash you can convert your Huobi BTC (HBTC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Huobi BTC (HBTC) are there?
The current circulating supply of Huobi BTC (HBTC) is 969.
Is Coinstash a safe place to buy Huobi BTC (HBTC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Huobi BTC (HBTC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.