How and where to buy iBTC (IBTC) coin
The Ibtc crypto is bit more complicated to buy, owing to the lack of cryptocurrency exchanges that list it. The 1 trading platform propose 1 pair. All the details about see below.
Where to buy iBTC
Step 1You need an account with a cryptocurrency exchange that supports iBTC token. All of them provided on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
| No exchanges available now, check again later | |||||
Purchase or transfer with peer-to-peer trading this coin: ADA.
Step 3Go to spot trading on your cryptocurrency exchange and type the token name in search box. Select from available trading pairs, then set order and push Buy IBTC button.
Congratulations!
After you hit buy, the Ibtc coin will be available on your account on the crypto exchange. Please be advised that just transferring your coins from trading platform to secure crypto wallet, you help better protect your investments. Not only does this reduce your risk if your crypto exchange gets hacked, but if you pick a “cold,” or offline, wallet, your iBTC turn into virtually unhackable. Only flaw is generally have to pay a small fee to transfer your coins off of the trading platform.
What is iBTC
iBTC is synthetic Bitcoin released in November of 2022 as part of Indigo Protocol v1. The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iBTC from a DEX just like any Cardano native asset, or can mint iBTC within the Indigo Protocol by depositing ADA as collateral. When users mint iBTC within the Indigo Protocol, they must deposit sufficient ADA such that their CDP remains above the applicable Minimum Collateralization Ratio (MCR) - meaning a user deposits collateral in the form of ADA that ensures over-collateralization. If the value of a user's ADA collateral begins to decrease toward the MCR, a user can choose to add more collateral to keep their iBTC position above the MCR. If a user’s collateral becomes worth less than the MCR of their iBTC debt, the Indigo Stability Pool providers will allow the user to keep their iBTC but will exchange Stability Pool iBTC for the user’s higher value ADA collateral
Video Review
IBTC - An Overview
Statistics and Externals
Term of hashing algorithms not applicable to iBTC coin.
Price and supply
The current total supply is 0, with a circulating supply of 36.6 millions IBTC as of Nov 2024. This coin does not have a fixed max supply.
The iBTC price is $48799 as of 09:25 PM. The price was dropped on 0% over the past 24 hours. The recent price action left the token's market capitalization at 0 united states dollars. Thus far recent 30 days, the iBTC cryptocurrency went down on 0%.
FAQ
What cryptocurrency exchange can I buy Ibtc token?
iBTC can be bought from 1 trading platform. The list includes: WingRiders.
Is Ibtc cryptocurrency a good investment?
The iBTC has a high risks of price drop. Because of high volatility of all crypto industry you need to consider: you can lose all of your invested funds, unexpected changes in market can lead to sharp and sudden moves in price and any cryptocurrency has a possibility price to crash to zero. But on the other hand of that it's way to get rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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