Convert Redstone RED to Wrapped Bitcoin WBTC
RED to WBTC: 1 Redstone converts to 0.00000261 WBTC as of July 6 at 6:49 AM
About RED and WBTC
Redstone is falling, while Wrapped Bitcoin is climbing this week. The current RED to WBTC conversion rate is 0.00000261. Inversely, this means that if you convert 1 WBTC you will get 383,133.49 RED. The conversion rate of RED/WBTC has decreased by 0.75% in the last hour (WBTC/RED increased by 0.75%). In the last 24 hours, RED/WBTC shrunk by 4.19%, while WBTC/RED grew by the same amount.
The exchange rate of Redstone is decreasing. The current value of 1 RED is 0.00000261 WBTC. In other words, to buy 5 Redstone, it would cost you 0.00001305 WBTC. Inversely, 1 WBTC would allow you to trade for 383,133.49 RED while 50 WBTC would convert to 19,156,674.54 RED, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.37%. Meanwhile, in the last 24 hours, the rate has changed by 4.22%, and that the highest exchange rate of 1 RED to WBTC was 0.00000276 WBTC and the lowest 24 hour value was 1 RED for 0.00000261 WBTC. Last month, 1 RED was worth 0.00000324 WBTC. Today, it's down 24.28%. Looking back a year, Redstone has changed by 0.000018 WBTC. That means that in a single year, the value of Redstone has shrank by 577.72%.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion tables
RED to WBTC values from Today at 6:49 am
0.5 RED = 0.00000131 WBTC |
1 RED = 0.00000261 WBTC |
5 RED = 0.000013 WBTC |
10 RED = 0.000026 WBTC |
50 RED = 0.000131 WBTC |
100 RED = 0.000261 WBTC |
500 RED = 0.0013 WBTC |
1,000 RED = 0.0026 WBTC |
WBTC to RED values from Today at 6:49 am
0.5 WBTC = 191,566.75 RED |
1 WBTC = 383,133.49 RED |
5 WBTC = 1,915,667.45 RED |
10 WBTC = 3,831,334.91 RED |
50 WBTC = 19,156,674.54 RED |
100 WBTC = 38,313,349.08 RED |
500 WBTC = 191,566,745.39 RED |
1,000 WBTC = 383,133,490.77 RED |
RED to WBTC over time
RED | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 RED | 0.00000131 WBTC | 0.00000136 WBTC | 0.00000162 WBTC | 0.00000884 WBTC |
1 RED | 0.00000261 WBTC | 0.00000272 WBTC | 0.00000324 WBTC | 0.000018 WBTC |
5 RED | 0.000013 WBTC | 0.000014 WBTC | 0.000016 WBTC | 0.000088 WBTC |
10 RED | 0.000026 WBTC | 0.000027 WBTC | 0.000032 WBTC | 0.000177 WBTC |
50 RED | 0.000131 WBTC | 0.000136 WBTC | 0.000162 WBTC | 0.000884 WBTC |
100 RED | 0.000261 WBTC | 0.000272 WBTC | 0.000324 WBTC | 0.0018 WBTC |
500 RED | 0.0013 WBTC | 0.0014 WBTC | 0.0016 WBTC | 0.0088 WBTC |
1,000 RED | 0.0026 WBTC | 0.0027 WBTC | 0.0032 WBTC | 0.0177 WBTC |
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Frequently asked questions
How much is 1 Redstone in USD?
Right now, 1 Redstone is worth about $0.28.
How much RED could I buy for 1 USD?
Based on the current rate, you could get 3.54 RED for 1 USD.
How much has the price of Redstone changed?
Redstone price has been declining. Since yesterday, the exchange rate of Redstone has decreased. Since last month, the exchange rate of Redstone has decreased. Since this time last year, the price of Redstone has decreased.
How do I calculate or convert RED to USD?
You can use our RED to USD calculator at the top of this page to convert any amount of RED to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 17.72 RED. Inversely, 5 RED will cost about $1.41
How can I buy 1 Redstone on Coinbase?
Redstone is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Redstone.
What are assets similar to Redstone that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Redstone, including Bonfida, Rekt (rektcoin.com), and Bio Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to Redstone.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.