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What is mBTC & mETH?

What mBTC and mETH are on Webot, how they convert to BTC and ETH, how they differ from standard coins, and why they cannot be withdrawn directly.

When trading on our platform, you may encounter mBTC and mETH. These are smaller denominations of Bitcoin (BTC) and Ethereum (ETH), designed to make small-volume trading easier to read.


1. The Conversion

The "m" stands for milli (one-thousandth). The math is simple:

  • 1,000 mBTC = 1 BTC

  • 1,000 mETH = 1 ETH

Example: Instead of writing 0.005 BTC, we display it as 5 mBTC. It’s the same value, just a cleaner look!


2. Comparison Table

How do these differ from the "standard" coins?

Feature

BTC / ETH

mBTC / mETH

Value

1.0 (Full Coin)

0.001 (1/1000th)

Network

On-chain (Blockchain)

Internal (Platform)

Withdrawal

Supported

Not Supported


❓ Frequently Asked Questions (FAQ)

Q1: Can I withdraw mBTC or mETH to my personal wallet?

A: No. These are derivative assets used exclusively for internal platform activities. They cannot be sent to external blockchain addresses.

Q2: How do I get my funds out?

A: To withdraw, you must first convert your mBTC or mETH back into standard BTC or ETH within the platform.

Q3: Why use these instead of regular BTC/ETH?

A: They are designed for trading efficiency. It is much easier to manage "10 mBTC" than to count the zeros in "0.010000 BTC," reducing the risk of calculation errors during fast-paced trading.

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