Convert Coinbase Wrapped BTC to Ethereum (cbBTC → ETH)

Swap cbBTC on Base to ETH on Ethereum — no bridges, no delays. Powered by NEAR Intents.

Swap cbBTC to ETH

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cbBTC to ETH rate today

1 cbBTC ≈ 31.32 ETH and 1 ETH ≈ 0.0319 cbBTC, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
Coinbase Wrapped BTC (cbBTC)$85,905+1.52%
Ethereum (ETH)$2,743+0.76%

How to convert Coinbase Wrapped BTC to Ethereum

Converting cbBTC to ETH on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit cbBTC from Base
Go to the Deposit tab and select Coinbase Wrapped BTC (cbBTC) on Base. The widget will generate a deposit address (or QR code) — send your cbBTC there from any wallet. Once the deposit is confirmed on Base, your cbBTC balance appears inside NEAR Intents.

Step 2 — Swap cbBTC to ETH on NEAR Intents
Switch to the Swap tab, pick cbBTC as the source and ETH as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw ETH to Ethereum
Finally, go to the Withdraw tab. Select Ethereum (ETH) from your NEAR Intents balance and choose Ethereum as the destination. Enter an address from any EVM wallet such as MetaMask or Rabby and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the cbBTC → ETH swap

This is a cross-chain swap: your cbBTC leaves Base and ETH arrives on Ethereum. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is ETH on Ethereum, not a wrapped copy you have to bridge again.

cbBTC is a tokenized version of another asset, so its price tracks its underlying rather than ETH. Swapping between cbBTC and ETH changes both your exposure and the network your funds live on.

About Coinbase Wrapped BTC and Ethereum

What is Coinbase Wrapped BTC (cbBTC)?

cbBTC is a wrapped representation of bitcoin issued by Coinbase. It went live in September 2024, first on Ethereum and Base, giving BTC holders a way to use their coins inside EVM applications without leaving the Coinbase ecosystem.

Type
Custodial wrapped bitcoin (ERC-20)
Launched
2024
Consensus
Runs on Base and Ethereum
Max supply
No fixed cap (1:1 with BTC reserves)
Swap network
Base
Coinbase Wrapped BTC official site ↗

How Coinbase Wrapped BTC works

Every cbBTC in circulation is backed by one BTC that Coinbase holds on behalf of token holders. When a Coinbase customer wraps bitcoin, the exchange mints cbBTC to their address; when tokens are sent back for redemption, they are burned and the underlying BTC is released.

What cbBTC is used for

Holders deposit cbBTC as collateral in lending markets, pair it in liquidity pools or use it for BTC-denominated trades on Base and Ethereum. It also serves as a convenient route for moving bitcoin value into smart-contract apps while keeping price exposure to BTC.

cbBTC supply

There is no independent issuance schedule: supply expands and contracts with the bitcoin Coinbase holds in reserve, at a 1:1 ratio.

Before you swap cbBTC

This is a custodial wrapper, not native bitcoin, so the redemption guarantee rests on Coinbase. It can be withdrawn on Base or Ethereum, and you will need a little ETH on the receiving network to move it afterwards.

What is Ethereum (ETH)?

Ether (ETH) powers Ethereum, a programmable blockchain proposed by Vitalik Buterin in 2013 and launched in July 2015 by a group of co-founders. Rather than acting only as money, Ethereum runs smart contracts, which let developers deploy applications that execute exactly as written.

Type
Layer-1 smart contract platform
Launched
2015
Consensus
Proof of Stake
Max supply
No fixed cap
Swap network
Ethereum
Sector (Messari)
Smart Contract Platform
Ethereum official site ↗Sector classification by Messari ↗

How Ethereum works

Since the Merge in September 2022, Ethereum has been secured by Proof of Stake: validators lock up ETH, propose and attest to blocks, and can lose part of their stake for misbehaviour. Every operation on the network costs gas, which is paid in ETH and compensates validators for processing transactions.

What ETH is used for

ETH pays for transaction fees and is widely used as collateral in decentralized finance, from lending protocols to decentralized exchanges. Holders also stake it to help secure the network and earn protocol rewards.

ETH supply

Ether has no fixed maximum supply. New ETH is issued to validators, while the base fee of every transaction is burned under EIP-1559, so net supply can rise or fall depending on network activity.

Before you swap ETH

Make sure your withdrawal goes to an address on Ethereum mainnet and not to a layer-2 or another EVM network that uses the same address format. Gas prices on Ethereum fluctuate with demand, which can affect the cost of moving ETH in or out.

Looking for the reverse?Convert ETH to cbBTC →
More swaps:All cbBTC pairs →All ETH pairs →

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cbBTC to ETH: frequently asked questions

What to know before swapping Coinbase Wrapped BTC for Ethereum

Deposit cbBTC from Base into NEAR Intents, swap it for ETH, then withdraw ETH to your wallet on Ethereum. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.