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Function FBTC

Function FBTC

FBTCยท69,919.69
3.85%

Function FBTC (FBTC) - Complete Fundamental Analysis February 2026

By CoinStats AI

Ask CoinStats AI

What is Function FBTC (FBTC) crypto?

Based on my research, here's a comprehensive overview of Function FBTC (FBTC):

What is Function FBTC?

Function FBTC is a decentralized, omnichain Bitcoin-backed cryptocurrency that transforms idle Bitcoin into a productive, yield-generating asset across multiple blockchains. Previously known as "Ignition," the project rebranded to Function in February 2025.


The Core Problem It Solves

While Bitcoin has a market cap of ~$1.3 trillion, only about 4% participates in DeFi, compared to Ethereum's 75%. Function FBTC bridges this gap by enabling Bitcoin holders to earn yield and access DeFi opportunities without selling their BTC.


Key Features

๐Ÿ”— 1:1 Bitcoin Peg

  • Each FBTC token is fully backed by real Bitcoin held in custody
  • Verified through Chainlink's Proof of Reserves system
  • Currently holds 13,500+ BTC in reserves (~$1.31 billion)

๐ŸŒ Multi-Chain Support

FBTC operates across 8+ blockchains:

  • Ethereum
  • Mantle Network
  • BNB Smart Chain
  • Arbitrum One
  • Base
  • Solana
  • BOB Network
  • Plume Network

๐Ÿ’ฐ Yield Generation

  • Earn 1.5% to 7.5% APY through DeFi yield strategies
  • Two token forms: FBTC0 (standard) and FBTC1 (yield-optimized)
  • Integrated with 30+ DeFi protocols

Current Market Stats (Feb 2026)

MetricValue
Price$67,289 (tracks Bitcoin 1:1)
Market Cap$750 million
Rank#77
Total Value Locked$1.3+ billion
Circulating Supply11,150 FBTC
24h Volume$94,073

Recent Performance:

  • 24h: -2.76%
  • 7 days: -11.42%
  • Tracks Bitcoin's price movements closely

How It Works

Minting Process:

  1. Users deposit native BTC to custodial addresses
  2. Bridge Monitor detects the deposit
  3. TSS (Threshold Signature Scheme) nodes validate using Multi-Party Computation
  4. FBTC tokens are minted on your chosen blockchain

Burning Process:

  1. Initiate burn request through the Bridge contract
  2. FBTC tokens are burned
  3. Equivalent BTC is returned to your wallet

Security Architecture:

  • Multi-Party Computation (MPC) for distributed custody
  • Threshold Signature Schemes (TSS) for transaction validation
  • Multi-signature governance with institutional partners
  • Chainlink Proof of Reserves for transparency

Risk Assessment

Risk FactorScoreNotes
Risk Score66.29/100Moderate-high risk
Liquidity14.38/100Low liquidity - caution on large trades
Volatility4.28/100Very low (tracks Bitcoin)

Key Risks:

  • Low trading liquidity may impact large orders
  • Custodial risk (though mitigated by MPC)
  • Smart contract vulnerabilities
  • Regulatory uncertainty for cross-chain assets

Key Partners & Backers

Core Contributors:

  • Mantle Network - Infrastructure partner
  • Antalpha Prime - Strategic investor
  • Cobo - MPC custody technology

DeFi Integrations:

  • Chainlink (Proof of Reserves)
  • PumpBTC, Bedrock, Minterest
  • Cian, Sentora, Kamino (yield vaults)

Use Cases

  1. Earn Yield on Bitcoin - Generate passive income without selling BTC
  2. DeFi Access - Use Bitcoin in lending, staking, and liquidity pools
  3. Cross-Chain Transfers - Move Bitcoin seamlessly between blockchains
  4. Collateral - Use FBTC as collateral in DeFi protocols
  5. Institutional Strategies - Structured yield products for asset managers

Function FBTC vs. Competitors

vs. Wrapped Bitcoin (WBTC):

  • FBTC: Multi-chain, MPC security, yield-focused
  • WBTC: Ethereum-only, centralized wrapping

vs. sBTC:

  • FBTC: Institutional-grade infrastructure, broader chain support
  • sBTC: Bitcoin layer-based via Stacks blockchain

โš ๏ธ Important Note: Two Different "FBTC" Assets

Don't confuse these:

  1. Function FBTC (Cryptocurrency) - The DeFi protocol described above
  2. Fidelity FBTC (ETF) - Fidelity's Bitcoin ETF traded on stock exchanges with $14-17B AUM

They share the same ticker but are completely different products!


Bottom Line

Function FBTC is designed for Bitcoin holders who want to:

  • Keep exposure to Bitcoin's price
  • Earn yield through DeFi strategies
  • Access multi-chain opportunities
  • Maintain institutional-grade security

However, the low liquidity score and moderate-high risk rating mean it's better suited for experienced crypto users who understand DeFi risks. The recent 11.42% weekly decline mirrors Bitcoin's broader market movements.

Official Resources:

Is Function FBTC (FBTC) a good investment?

Based on my comprehensive analysis from multiple sources, I can now provide you with a thorough evaluation of Function FBTC (FBTC).

Critical Clarification: Two Different "FBTC" Assets

There's an important distinction to understand:

  1. Function FBTC - A DeFi wrapped Bitcoin token (what you're asking about)
  2. Fidelity FBTC - A traditional Bitcoin ETF

My analysis covers the Function FBTC token based on your question.


Investment Assessment: โš ๏ธ HIGH RISK - NOT RECOMMENDED for Most Investors

Current Market Data (February 10, 2026)

MetricValueAssessment
Price$67,289.21Tracks Bitcoin 1:1
Market Cap$750.29MMid-cap
24h Volume$94,073๐Ÿ”ด CRITICALLY LOW
Market Rank#77Decent positioning
Risk Score66.29/100โš ๏ธ MODERATE-HIGH RISK
Liquidity Score14.38/100๐Ÿ”ด EXTREMELY LOW
7-Day Performance-11.42%Negative momentum

๐Ÿšจ Major Red Flags

1. Liquidity Crisis (Dealbreaker)

The $94,073 daily volume on a $750M market cap is catastrophically low:

  • Volume-to-Market-Cap Ratio: 0.0125% (healthy is >5%)
  • What this means: You could face 5-10%+ slippage trying to sell even a modest position
  • Exit risk: Finding buyers at fair prices would be extremely difficult
  • Comparison: Similar-sized projects typically have $10M-50M daily volume

2. Moderate-High Risk Score (66.29/100)

Combined with the liquidity crisis, this creates a dangerous risk profile:

  • Higher risk than 66% of tracked cryptocurrencies
  • Elevated smart contract and protocol risks
  • Limited market maker support

3. Declining Price Action

  • Down 11.42% over 7 days
  • Down 2.76% in 24 hours
  • Negative momentum suggests weakening demand

โœ… Positive Aspects (But Not Enough to Overcome Risks)

1. Strong Institutional Backing

  • $10M seed funding from Galaxy Digital, Antalpha, Mantle (July 2025)
  • $1.5B+ TVL achieved by mid-2025
  • 13,750+ BTC in reserves with transparent Chainlink Proof of Reserve
  • Security Council includes reputable names (Mantle, Galaxy Digital, Cobo)

2. Superior Technology vs. Competitors

  • Decentralized custody: MPC + TSS eliminates single points of failure (better than WBTC's centralized BitGo model)
  • Multi-chain deployment: Available on 8+ blockchains (Ethereum, Mantle, BSC, Arbitrum, Base, Solana, etc.)
  • Yield generation: 1.5-7.5% APY through integrated DeFi protocols (Aave, Kamino, PumpBTC)

3. Transparent Tokenomics

  • 1:1 Bitcoin peg maintained via Chainlink oracles
  • Fixed supply (11,150 tokens) - no inflation risk
  • Full collateralization with on-chain verification

4. Growing Ecosystem

  • 30+ protocol integrations
  • 164K+ unique holders
  • Recent deployments to Berachain, Sonic, expanding to Solana and SUI

Who Should Consider FBTC (Very Limited)

โœ… Might Be Suitable For:

  • DeFi power users who understand wrapped asset risks and need multi-chain Bitcoin exposure
  • Long-term holders with small positions (<1% of portfolio) who don't need liquidity
  • Yield seekers willing to accept illiquidity for 1.5-7.5% APY on Bitcoin
  • Institutional players with direct relationships to liquidity providers

โŒ NOT Suitable For:

  • Retail investors (liquidity risk is too high)
  • Anyone needing to exit positions quickly (you'll face massive slippage)
  • Risk-averse investors (66.29 risk score + liquidity crisis = dangerous combo)
  • Short-term traders (negative momentum + low volume = poor trading conditions)
  • Anyone investing >$10K (you'd struggle to exit without moving the market)

Better Alternatives to Consider

If you want Bitcoin exposure with yield:

  1. WBTC (Wrapped Bitcoin) - $10B+ market cap, vastly superior liquidity
  2. tBTC (Threshold Bitcoin) - Decentralized like FBTC but better liquidity
  3. Fidelity FBTC ETF - Regulated, liquid, 0.25% fee, easy to trade
  4. Direct Bitcoin + Lending - Buy BTC, lend on Aave/Compound for yield

All offer similar or better features without the crippling liquidity risk.


Market Context (February 2026)

The broader Bitcoin market is challenging:

  • Extreme fear (9/100 on Fear & Greed Index)
  • Bitcoin down from $110K highs to ~$68K range
  • Institutional accumulation continuing despite retail panic
  • Macro headwinds from geopolitical tensions

However, Function FBTC's issues are project-specific, not just market-wide. Even in a Bitcoin bull market, the liquidity crisis would remain a critical problem.


Final Verdict: โŒ NOT RECOMMENDED

Risk-Reward Analysis:

  • Upside: Limited to Bitcoin's price appreciation + 1.5-7.5% yield
  • Downside: Liquidity crisis could trap your capital; 5-10%+ slippage on exits
  • Risk-Adjusted Return: Negative (risks far outweigh potential rewards)

The Bottom Line:

Despite impressive technology, strong backing, and genuine innovation, the 14.38/100 liquidity score is a dealbreaker. The $94K daily volume means you could easily lose 5-10% of your investment value just trying to sell, completely negating any yield benefits.

Investment Grade: D+ (High Risk, Poor Liquidity)


If You Still Want to Proceed (Not Advised)

Absolute maximum allocation: 0.5-1% of portfolio Entry strategy: Dollar-cost average over weeks to avoid moving the market Exit plan: Set limit orders well in advance; never market sell Time horizon: 2+ years minimum (assume you can't exit quickly) Monitoring: Watch daily volume - if it drops below $50K, exit immediately


My Recommendation

Pass on Function FBTC and consider:

  1. Fidelity FBTC ETF if you want simple, liquid Bitcoin exposure
  2. WBTC if you need wrapped Bitcoin for DeFi with actual liquidity
  3. Direct Bitcoin if you're comfortable with self-custody

The liquidity crisis makes Function FBTC unsuitable for 95%+ of investors, regardless of its technological merits. Don't let impressive partnerships and TVL numbers distract from the fundamental problem: you might not be able to sell when you need to.

Would you like me to analyze any of the alternatives I mentioned, or do you have questions about specific aspects of FBTC?

Function FBTC (FBTC) price prediction

FBTC (Function FBTC) Price Prediction - Comprehensive Analysis

Based on my multi-source analysis, here's a detailed price prediction for Function FBTC, the wrapped Bitcoin token currently trading at $67,227.63.


๐ŸŽฏ 2026 Price Predictions

Consensus Range:

TimeframeConservativeBase CaseBullish
End of 2026$72,191$84,637$96,000
Q2 2026$70,571$90,665$94,023

Source Breakdown:

Coinbase Prediction Tool (5% annual growth model):

  • Q2 2026: $90,665
  • End 2026: $94,023

LBank Technical Analysis:

  • 2026 Target: $76,332
  • Technical Signal: RSI below 30 (oversold), MACD showing bullish crossover

FBTC Price Prediction Site:

  • 2026 Target: $96,000
  • Rationale: BTC ETF adoption growth + DeFi protocol integration

Bitget Forecast:

  • 2026 Target: $72,191 (conservative, -18.22% from peak)

๐Ÿ“Š Current Market Context

Key Metrics (as of Feb 11, 2026):

  • Current Price: $67,227.63 (-2.84% in 24h, -11.51% in 7 days)
  • Market Cap: $750.3M (Rank #77)
  • 24h Volume: $93,987 (โš ๏ธ Low liquidity concern)
  • Supply: 11,150 tokens (100% circulating)
  • BTC Peg: 1.0058 BTC per FBTC

Recent Performance:

The token is experiencing a short-term bearish trend with an 11.5% decline over the past week, but technical indicators suggest potential reversal:

  • RSI: Below 30 (oversold territory - potential bounce)
  • MACD: Bullish crossover signal
  • Momentum: Neutral to slightly bullish on longer timeframes

๐Ÿš€ Long-Term Price Targets (2027-2040)

Conservative Model (Coinbase 5% Annual Growth):

YearPrice Target
2027$94,023
2028$98,724
2029$103,661
2030$108,844
2035$138,915
2040$177,295

Bullish Model (DeFi Integration Scenario):

YearPrice TargetKey Driver
2027$115,000Post-halving scarcity effects
2028$135,000RWA integration, major protocol adoption
2029$250,000Fully tokenized financial ecosystem
2030$172,000Institutional adoption, geopolitical hedging
2035$450,000Bitcoin scarcity, institutional ownership
2040$740,000Full blockchain interoperability

๐Ÿ’ก Bullish Catalysts

Ecosystem Expansion (Strong Community Sentiment):

  1. $1B+ Cross-Chain Circulation: FBTC has achieved over $1 billion in circulation across 8 blockchains (Mantle, Ethereum, BSC, Arbitrum, Base, Sonic, BOB, Plume)

  2. Major DeFi Integrations:

    • Kamino Finance (Solana): Launched January 2026, enabling BTC yield generation with $500M+ stablecoin liquidity
    • Plume Network: RWA-focused chain partnership (October 2025)
    • Bybit On-Chain Earn: 2% guaranteed staking returns
  3. Proven Traction:

    • 545K+ mints in beta phase
    • 47K+ active users
    • Strong community engagement (486 likes, 96 reposts on major announcements)
  4. Institutional Bitcoin Adoption:

    • Bitcoin ETF inflows remain strong (+$56.92M daily for related products)
    • Macro environment favoring Bitcoin as digital gold
    • Growing institutional custody solutions
  5. Technical Advantages:

    • Decentralized and overcollateralized (vs. centralized WBTC/cbBTC)
    • 1:1 Bitcoin backing with transparency
    • Yield generation without selling underlying BTC

โš ๏ธ Bearish Risks & Concerns

Immediate Concerns:

  1. Low Liquidity: $93,987 daily volume vs. $750M market cap = potential for wide spreads and slippage
  2. Recent Downtrend: -11.51% over 7 days indicates bearish momentum
  3. Peg Deviation Risk: Currently at 1.0058 BTC (slight premium), but liquidity issues could cause larger deviations

Structural Risks:

  1. Smart Contract Risk: Wrapped assets depend on protocol security
  2. Custodial Dependencies: Requires trust in backing mechanism and oracle systems
  3. Competition: Faces competition from established wrapped BTC (WBTC, cbBTC, tBTC)
  4. Market Correlation: Heavily tied to Bitcoin price action (no independent upside)

Market Sentiment:

  • OTC Trading Impact: Strong inflows haven't translated to immediate BTC price gains due to OTC absorption
  • Failed Momentum: February 2026 marked a "last chance" bullish reversal that failed
  • Volatility: Crypto market remains highly volatile with regulatory uncertainties

๐ŸŽฒ Price Prediction Summary

Short-Term (Q1-Q2 2026):

Most Likely Range: $70,000 - $95,000

Scenario Analysis:

  • Bearish (30% probability): $65,000 - $72,000 if Bitcoin corrects and liquidity remains weak
  • Base Case (50% probability): $80,000 - $90,000 following Bitcoin's trajectory with modest DeFi growth
  • Bullish (20% probability): $90,000 - $96,000 if major DeFi integrations drive demand and Bitcoin rallies

Medium-Term (End of 2026):

Most Likely Target: $84,637 (average of analyst predictions)

Key Factors to Watch:

  • Bitcoin ETF flows and institutional adoption
  • DeFi protocol integration success (especially Solana ecosystem)
  • Liquidity improvements and trading volume growth
  • Peg stability and oracle performance

Long-Term (2027-2030):

Conservative: $94,000 - $110,000 (tracking Bitcoin with modest premium) Bullish: $115,000 - $172,000 (if DeFi adoption accelerates and FBTC captures 1-5% of BTC liquidity)


๐Ÿ“ˆ Investment Implications

FBTC is Best For:

โœ… DeFi users seeking Bitcoin yield without selling โœ… Cross-chain liquidity providers โœ… Long-term Bitcoin holders wanting utility โœ… Investors seeking decentralized BTC exposure

FBTC May Not Be Ideal For:

โŒ Short-term traders (low liquidity = high slippage) โŒ Risk-averse investors (smart contract risks) โŒ Those seeking independent price action (tracks BTC 1:1)

Key Monitoring Points:

  1. Daily Volume: Watch for sustained volume above $1M (indicates improving liquidity)
  2. Peg Stability: Monitor deviation from 1:1 BTC ratio
  3. Integration Announcements: New DeFi protocols = demand catalysts
  4. Bitcoin Price Action: FBTC will follow BTC's macro trend

โšก Final Verdict

Price Target for 2026: $80,000 - $90,000 (base case)

Confidence Level: Moderate (65%)

Rationale: FBTC's price will primarily track Bitcoin's performance while benefiting from DeFi integration tailwinds. The current oversold technical conditions (RSI <30) suggest a potential bounce, but low liquidity remains a concern. If Bitcoin maintains support above $90K and FBTC's DeFi integrations gain traction, the bullish $96K target is achievable. However, if Bitcoin corrects or liquidity doesn't improve, the conservative $72K-$76K range is more realistic.

Community Sentiment: 70-80% Bullish on long-term utility, but cautious on short-term price action.


๐Ÿ”” Disclaimer

โš ๏ธ This analysis is for informational purposes only and does not constitute financial advice. All price predictions are speculative and based on historical data, technical analysis, and market assumptions. Actual prices may differ significantly due to:

  • Regulatory changes
  • Market sentiment shifts
  • Macroeconomic conditions
  • Technology developments
  • Competitive dynamics

Always conduct your own research (DYOR) and never invest more than you can afford to lose.


Analysis compiled from coin_research market data, web_search expert predictions, and social_search community sentiment as of February 11, 2026, 06:22 AM UTC.

How high can Function FBTC (FBTC) go?

Based on my comprehensive analysis from multiple sources, here's what you need to know about Function FBTC's price potential:

The Critical Context: FBTC is Bitcoin-Pegged

Function FBTC is a 1:1 Bitcoin-backed token, meaning its price directly tracks Bitcoin's value. Currently trading around $67,227, FBTC's upside is fundamentally tied to Bitcoin's performance, not independent price action.

Price Potential: Short to Long-Term

Near-Term (2026)

  • Conservative Target: $72,000 - $76,000
  • Current Headwind: The market is experiencing weakness with an 11.51% weekly decline
  • Accumulation Zone: Community identifies $50,000-$65,000 as attractive entry points if Bitcoin corrects further

Medium-Term (2027-2030)

  • Moderate Scenario: $94,000 - $172,000
  • Bullish Scenario: $250,000 by 2029
  • Key Drivers: DeFi adoption, institutional Bitcoin ETF flows, cross-chain expansion

Long-Term (2035-2040)

  • Conservative: $138,000 - $195,000
  • Bullish: $450,000 - $740,000
  • Visionary: Community discusses Bitcoin as a $200 trillion asset class (100x from current ~$2T market cap)

What Makes FBTC Different?

Unlike speculative tokens, FBTC's value proposition is utility over price speculation:

โœ… Yield Generation: Enables Bitcoin holders to earn returns through DeFi integrations (Kamino, Solana) โœ… Multi-Chain Support: Deployed on 8+ chains (Ethereum, Arbitrum, BSC, Mantle, Base, Sonic, etc.) โœ… $1.5B+ TVL: Growing adoption signals real traction โœ… Institutional Infrastructure: Pyth oracle feeds across 100+ chains ensure price stability

Major Risk Factors

โš ๏ธ Extremely Low Liquidity: Only $93,987 in 24-hour volume vs. $750M market cap (0.013% ratio) - this is a red flag โš ๏ธ Recent Downtrend: -11.51% weekly decline suggests selling pressure โš ๏ธ Peg Risk: Depends on protocol backing; circuit breakers at 0.99 ratio โš ๏ธ Bitcoin Correlation: No upside beyond Bitcoin's performance โš ๏ธ ETF Outflows: Bitcoin ETFs (including Fidelity's FBTC ETF) saw $900M+ outflows in early 2026

Community Sentiment: Cautiously Bullish (80% Positive)

The X.com community emphasizes:

  • "Sentiment is cyclical. Utility shouldn't be" - Focus on DeFi functionality over speculation
  • Whale Accumulation: Institutional players positioning for composability and yield strategies
  • Technical Support: Key Bitcoin levels at $57,000 (0.618 Fibonacci) and $42,000 (deeper floor)

Bottom Line: How High Can FBTC Go?

FBTC's ceiling = Bitcoin's ceiling. Since it maintains a 1:1 peg:

  • If Bitcoin reaches $100,000 โ†’ FBTC reaches $100,000
  • If Bitcoin reaches $250,000 โ†’ FBTC reaches $250,000
  • If Bitcoin reaches $500,000+ โ†’ FBTC follows

However, the critical question isn't just "how high" but "should you buy it?"

The Liquidity Problem

With only ~$94K in daily volume, you could face significant slippage on trades. This is concerning for a $750M market cap asset. Compare this to other wrapped Bitcoin products with much higher liquidity.

The Value Proposition

FBTC makes sense if you:

  • Want Bitcoin exposure with DeFi yield opportunities
  • Need cross-chain Bitcoin functionality
  • Believe in the long-term Bitcoin thesis ($100K+)

FBTC doesn't make sense if you:

  • Expect it to outperform Bitcoin independently
  • Need high liquidity for trading
  • Want short-term gains (current downtrend suggests consolidation)

My Take

The analyst predictions ranging from $72K (2026) to $740K (2040) are essentially Bitcoin price predictions, not unique FBTC analysis. The real question is whether FBTC's DeFi utility justifies holding it versus native Bitcoin or more liquid wrapped alternatives.

Current market conditions suggest caution: The -11.51% weekly decline, extremely low volume, and broader Bitcoin ETF outflows indicate this isn't an ideal entry point. If you believe in Bitcoin's long-term potential and want DeFi functionality, consider waiting for:

  • Bitcoin to find support around $50K-$65K
  • FBTC trading volume to improve significantly
  • Clearer market direction after current volatility subsides

Remember: This isn't financial advice. All predictions are speculative, and past performance doesn't guarantee future results. The crypto market is highly volatile, especially in early 2026 with Bitcoin well below its October 2025 peak of $125,000+.

How to buy Function FBTC (FBTC)?

How to Buy Function FBTC (FBTC)

Great question! Function FBTC is a Bitcoin-backed token that maintains a 1:1 peg with BTC and allows you to earn yield on your Bitcoin. Here's everything you need to know:

๐Ÿ“Š Quick Overview

  • Current Price: $66,961.72 USD (~1 BTC)
  • Market Cap: $750.29 Million
  • Rank: #77
  • Key Feature: Omnichain Bitcoin yield asset backed 1:1 by real BTC

๐Ÿ›’ Where to Buy FBTC

Important: FBTC is only available on decentralized exchanges (DEXs) - you won't find it on centralized exchanges like Binance's main platform.

Best Options by Use Case:

Your SituationBest PlatformWhy
New to cryptoBinance Web3 WalletEasiest, integrated experience
Want fiat entryLBankBuy directly with card/PayPal
Ethereum userUniswap V3Best liquidity on Ethereum
Low fees priorityAgni Finance (Mantle)Highest volume, lowest gas fees

๐Ÿ“ Step-by-Step Guide

Option 1: Binance Web3 Wallet (Easiest for Beginners)

  1. Create a Binance account at binance.com and complete verification
  2. Set up Web3 Wallet in the Binance app (built-in feature)
  3. Buy USDT on Binance's spot market
  4. Transfer USDT to your Web3 Wallet
  5. Swap USDT for FBTC using the Trade tab in Web3 Wallet
  6. Done! Your FBTC appears in your wallet

Option 2: Uniswap (For Ethereum Users)

  1. Get a wallet like MetaMask or Trust Wallet
  2. Buy ETH or WBTC on any exchange and send to your wallet
  3. Visit app.uniswap.org and connect your wallet
  4. Swap ETH/WBTC for FBTC using contract address: 0xc96de26018a54d51c097160568752c4e3bd6c364
  5. Confirm the transaction and pay gas fees

Option 3: LBank (Direct Fiat Purchase)

  1. Download LBank app or visit lbank.com
  2. Complete registration and KYC
  3. Click "Buy Crypto" and select FBTC
  4. Choose payment method: Card, PayPal, Apple Pay, Google Pay, or bank transfer
  5. Enter amount and confirm purchase

๐ŸŒ Available Networks (Choose Based on Fees)

FBTC is deployed on 8 blockchains - all use the same contract address:

  • Ethereum - Most liquidity, higher gas fees
  • Mantle - Best volume (Agni Finance), low fees โœ…
  • Arbitrum One - Low fees, good for DeFi
  • Base - Low fees, growing ecosystem
  • BSC - Low fees, PancakeSwap available
  • BOB, Plume, Sonic - Emerging networks

Contract Address (all chains): 0xc96de26018a54d51c097160568752c4e3bd6c364


๐Ÿ’ฐ Top DEXs by Volume

  1. Agni Finance (Mantle) - $23,837 24h volume - FBTC/METH pairs
  2. Merchant Moe (Mantle) - $10,896 24h volume - FBTC/CMETH
  3. Uniswap V3 (Ethereum) - $1,098 24h volume - FBTC/WBTC
  4. Curve (Ethereum) - CBBTC/FBTC pool

โš ๏ธ Important Considerations

Pros:

  • โœ… 1:1 Bitcoin backing with Chainlink Proof of Reserves
  • โœ… Earn yield on your Bitcoin through DeFi
  • โœ… Multi-chain flexibility
  • โœ… Over $1.3B TVL (as of Feb 2025)

Watch Out For:

  • โš ๏ธ Low 24h volume ($93,616) may cause slippage on large trades
  • โš ๏ธ DEX-only - requires wallet setup and gas fees
  • โš ๏ธ Smart contract risk - contract creator can make changes
  • โš ๏ธ Gas fees - Ethereum transactions can be expensive; consider Mantle or Arbitrum

๐ŸŽฏ My Recommendation

For beginners: Start with Binance Web3 Wallet - it's the most user-friendly option with integrated support.

For experienced users: Use Agni Finance on Mantle for the best liquidity and lowest fees, or Uniswap V3 if you prefer staying on Ethereum.

Pro tip: Start with a small test transaction to familiarize yourself with the process before committing larger amounts.


๐Ÿ”— Official Resources

Once you own FBTC, you can also earn additional yield by providing liquidity on DEXs or staking in yield vaults like Cian, Sentora, or Kamino!

Need help with any specific step or have questions about which platform to choose? Let me know! ๐Ÿš€