What is the current price of sBTC (SBTC)?

The current price of sBTC (SBTC) is 18711.27548176922 AUD, representing a +0.49 from the day prior.

Can I buy sBTC (SBTC) on Coinstash?

Yes - you can easily buy and sell sBTC (SBTC) on Coinstash. Simply login or sign up, to start buying sBTC (SBTC) in minutes.

Where is the best place to buy sBTC (SBTC) in Australia?

The best place to buy sBTC (SBTC) 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 sBTC (SBTC) 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 sBTC (SBTC)?

The trading volume of sBTC (SBTC) is 0 AUD in the last 24hrs, representing a +0.49 from the day prior.

How can I buy sBTC (SBTC)?

sBTC (SBTC) 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 sBTC (SBTC)?

The current market cap of sBTC (SBTC) is 0 AUD.

Can I convert sBTC (SBTC) to cash?

Yes - With Coinstash you can convert your sBTC (SBTC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many sBTC (SBTC) are there?

The current circulating supply of sBTC (SBTC) is 0.

Is Coinstash a safe place to buy sBTC (SBTC) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling sBTC (SBTC) 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 here.

Buy sBTC

What is sBTC?

sBTC is a synthetic Bitcoin token enabled by the Synthetix protocol. It tracks the price of Bitcoin through price feeds supplied by Chainlink's decentralised network of oracles. Unlike typical cryptocurrencies that represent the actual asset, sBTC serves as a synthetic representation of Bitcoin.

How does sBTC work?

sBTC operates as a synthetic derivative of Bitcoin, collateralised with SNX tokens at a minimum 400% collateralisation ratio. It is created through the Synthetix protocol, leveraging smart contracts on Ethereum and EVM-compatible chains. The price of sBTC is determined by Chainlink oracles. Key processes include staking SNX tokens to mint sUSD (used to acquire sBTC) and trading sBTC on the Synthetix Exchange, a peer-to-contract platform.

What are the potential use cases for sBTC?

sBTC has diverse applications across various sectors:

DeFi Applications: Used for collateralised loans, yield optimisation, and creating decentralised stablecoins.
Trading and Swaps: Supports decentralised AMMs, atomic swaps, and derivative trading such as options and futures.
NFTs and Digital Assets: Facilitates NFT buying, selling, and lending.
Infrastructure and Integration: Implements blockchain bridges and integrates with Lightning Network.
Other Applications: Utilised in crowdfunding and decentralised mining operations, among others.

What is the history of sBTC?

sBTC's development is intrinsically linked to the Stacks protocol. Initially launched as Blockstack in 2013, the Stacks mainnet was introduced in 2021, focusing on integrating smart contract functionality within Bitcoin. The sBTC roadmap was released in 2023, detailing a phased launch to establish a fully decentralised signer network by February 2025. It employs Clarity smart contracts to manage operations, ensuring decentralisation and security, while enhancing Bitcoin's programmability for DeFi use cases.