BTC.b FAQ

Questions about BTC.b, minting, redeeming, and how it compares to other Bitcoin assets.


Basics

What is BTC.b?

BTC.b is a permissionless, decentralized representation of Bitcoin on multiple blockchains. Each BTC.b is backed 1:1 by native Bitcoin held through Lombard's security infrastructure.

  • No yield (unlike LBTC)

  • 1 BTC.b = 1 BTC always

  • No KYC required

  • Available on Ethereum, Avalanche, Solana, and more

Where did BTC.b come from?

BTC.b was originally created by Ava Labs for the Avalanche ecosystem in 2022. In October 2025, Lombard acquired BTC.b's infrastructure and assets to expand it into a multi-chain Bitcoin standard. All existing integrations and user balances were maintained.

Why use BTC.b instead of LBTC?

BTC.b is simpler. It maintains a pure 1:1 peg with Bitcoin, making it easier to:

  • Integrate into protocols

  • Calculate positions

  • Understand your holdings

Choose BTC.b if you want straightforward Bitcoin representation without yield complexity. Choose LBTC if you want to earn while holding.


BTC.b vs Other Bitcoin Assets

How does BTC.b compare to WBTC?

Feature
BTC.b
WBTC

KYC required

No

Yes (via merchants)

Minting fee

0%

0.25%

Redemption fee

0.0001 BTC

0.25%

Security model

Decentralized consortium

Centralized custody

Direct mint/redeem

Yes

Via approved merchants only

How does BTC.b compare to cbBTC?

Feature
BTC.b
cbBTC

Issuer

Lombard (decentralized)

Coinbase (centralized)

KYC required

No

Via Coinbase account

Geographic restrictions

No

Coinbase availability

Security

14-member consortium

Coinbase custody

Can I convert between LBTC and BTC.b?

Not directly. You need to:

  1. Redeem LBTC → native BTC (9 days)

  2. Mint BTC → BTC.b

Some DEXs may offer direct swaps depending on liquidity.


Minting & Redeeming

How do I mint BTC.b?

  1. Go to the Lombard app

  2. Select BTC.b minting

  3. Choose your destination chain

  4. Send BTC to the generated deposit address

  5. Wait for confirmations (3-6 Bitcoin blocks)

  6. BTC.b mints to your wallet

What is the minimum mint amount?

0.0002 BTC (subject to change). There is no maximum.

How do I redeem BTC.b for native BTC?

  1. Go to the Lombard app

  2. Select BTC.b redemption

  3. Enter your Bitcoin destination address

  4. Confirm the burn transaction

  5. Wait 6 hours for BTC to arrive

Why does redemption take 6 hours?

Security delays protect against potential issues. The process includes verification steps and coordination with the Security Consortium.

Can I cancel a mint or redemption?

  • Minting — Cannot be cancelled once BTC is sent to the deposit address

  • Redemption — Cannot be cancelled once the burn transaction is confirmed


Fees

What fees apply to BTC.b?

Action
Fee

Minting

0%

Redemption

0.0001 BTC

Compare this to WBTC's 0.25% minting and redemption fees.

Why does BTC.b have lower fees than WBTC?

Lombard operates on a decentralized model without intermediary merchants. This eliminates middleman fees while maintaining security through the consortium.


Security

Is BTC.b safe?

BTC.b uses Lombard's full security stack:

  • 15-member Security Consortium — Including OKX, Galaxy, Kraken, DCG, and more

  • Hardware Security Modules — Keys never leave secure hardware

  • Chainlink Proof of Reserve — Independent verification of BTC backing

  • Multiple audits — OpenZeppelin, Veridise, Halborn

How can I verify BTC.b is fully backed?

Chainlink Proof of Reserve provides real-time verification that BTC.b supply is fully backed by native Bitcoin. You can check the reserve status on-chain.


Chains & Wallets

Which chains support BTC.b?

BTC.b is available on:

  • Ethereum

  • Avalanche

  • Solana

  • Katana

  • MegaETH

  • More chains coming

My wallet doesn't show BTC.b. How do I add it?

Add BTC.b as a custom token using the contract address for your chain. Most wallets auto-detect tokens after receiving them, but manual addition ensures visibility.

Check Smart Contracts for contract addresses. Check Smart Contracts for contract addresses.


Troubleshooting

I sent BTC but didn't receive BTC.b

Minting requires 3-6 Bitcoin confirmations. Check:

  1. Bitcoin network congestion

  2. Confirmation count on a block explorer

  3. The Activity page in the Lombard app

I sent to the wrong address

If you sent to an incorrect address, funds cannot be recovered. Always verify addresses before sending. The deterministic address system encodes your destination details to help prevent errors.

Where can I get support?

Last updated