pTokens BTC [OLD]PBTC
Convert PBTC to your currency
Last Updated on Oct 04, 2025 04:03 PM
What is pTokens BTC [OLD]?
About the coin
pTokens BTC (pBTC) is a wrapped version of Bitcoin launched by the pNetwork. It is designed to bring Bitcoin's liquidity to the Ethereum network, allowing users to utilize Bitcoin in the decentralized finance (DeFi) ecosystem. Unlike other wrapped Bitcoin tokens such as wBTC and HBTC, where the Bitcoin backing the tokens is held by a centralized entity, pBTC is backed by Bitcoin custodied under a smart contract. This approach provides a more decentralized option for users who wish to engage with Bitcoin on the Ethereum blockchain.
Main features
The main feature of pBTC is its decentralized custody mechanism. By using smart contracts to hold the Bitcoin backing the pBTC tokens, pNetwork ensures that the process is transparent and less reliant on centralized entities. This decentralization is a significant advantage for users who prioritize security and transparency in their cryptocurrency transactions. Additionally, pBTC facilitates the use of Bitcoin in various DeFi applications, expanding the utility of Bitcoin beyond its traditional use cases.
How it works
pBTC operates by locking Bitcoin in a smart contract and issuing an equivalent amount of pBTC tokens on the Ethereum network. This process allows Bitcoin holders to interact with Ethereum-based DeFi platforms without selling their Bitcoin. The smart contract ensures that the Bitcoin is securely held and can be redeemed for pBTC tokens at any time. This mechanism provides a seamless bridge between the Bitcoin and Ethereum networks, enabling users to leverage the strengths of both blockchains.
Wallet for pTokens BTC [OLD]
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for pTokens BTC [OLD]
- Ethereum
- Bnb Smart Chain
Metrics
Insights
Price performance
Another
Links
Official links
Repository
pTokens BTC [OLD] FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- pBTC isa wrapped Bitcoin launched by pNetwork. Unlike wBTC and HBTC, where the BTC backing the tokens are custodied under a centralized entity, the BTC backing pBTC is custodied under a smart contract, making it a more decentralized option.
- Ethereum. Ethereum is the second-largest cryptocurrency network by market capitalization after Bitcoin. The Ethereum blockchain is more versatile than Bitcoin, serving as a “world computer” of sorts. It supports decentralized programs called smart contracts that let anyone spin up new tokens and run applications.
How to secure pTokens BTC [OLD] with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose pTokens BTC [OLD] wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
🎉 You've unlocked 15% OFF!
Use 15OFFRING — valid for Tangem Ring till 30/09/2025 | Tap & Get