pTokens BTC [OLD] (PBTC) — price, overview & secure storage
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Last Updated on Jun 19, 2026 02:43 AM
What is pTokens BTC [OLD]? Complete guide to PBTC
What is pTokens BTC [OLD] and who created it?
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.
Key features of pTokens BTC [OLD] blockchain
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 pTokens BTC [OLD] transactions work
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]
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Tangem supports networks for pTokens BTC [OLD]
- Ethereum
- Bnb Smart Chain
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Similar cryptocurrencies to pTokens BTC [OLD] (PBTC)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $62,867.10 | -2.83% | $1.26T |
 EthereumETH | $1,703.38 | -2.99% | $0.21T |
 TetherUSDT | $0.9989 | -0.01% | $0.19T |
 BNBBNB | $580.89 | -3.40% | $78.28B |
 USDCUSDC | $0.9999 | 0.02% | $74.82B |
Frequently asked questions about pTokens BTC [OLD] (PBTC)
- pTokens BTC [OLD] is a crypto asset running on its own blockchain. It supports peer-to-peer transactions and offers features shaped by the project’s technical framework.
- pTokens BTC [OLD] offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- Yes, both names point to the same token. PBTC is just the shorthand symbol used for market and wallet displays.
- You can buy pTokens BTC [OLD] using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- For long-term safety, move pTokens BTC [OLD] to a hardware wallet like Tangem, which protects your keys from remote access and malware.
- 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 store pTokens BTC [OLD] securely with a hardware 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.
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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.
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Why Tangem is a trusted pTokens BTC [OLD] hardware wallet
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.
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