WBTC/BTC - Wrapped Bitcoin Bitcoin

Binance
Currency in
BTC
0.9995
0.0000(0.00%)
Real-time Data·
Day's Range
0.99910.9997
52 wk Range
0.97971.0180
Bid/Ask
0.9995 / 0.9996
Vol (24H)
321.25M
Market Cap
13.37B
Day's Range
0.9991-0.9997
52 wk Range
0.9797-1.018
Max Supply
-
Circulating Supply
WBTC128.98K
Rank
9607
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Daily
Weekly
Monthly
More
Type:Currency
Group:Minor
Second:Bitcoin
How do you feel today about WBTC/BTC?
Vote to see community's results!
or
FAQ

What is Wrapped Bitcoin?

Wrapped Bitcoin is the tokenized version of the premier digital asset Bitcoin. It was developed by BitGo, Kyber Network, and Ren to plug into the booming decentralized finance (DeFi) ecosystem. Wrapped Bitcoin tracks the original price of the crypto bellwether and enables DeFi users to buy and sell Bitcoin on the Ethereum blockchain. It is backed on a 1:1 basis with the top digital asset. Wrapped Bitcoin is an ERC-20 token and can be used in DeFi services offered by decentralized exchanges (DeXes) like crypto borrowing and lending services, prediction markets, and other ERC-compliant services.

Where to buy wrapped Bitcoin

Wrapped Bitcoin is available on several crypto exchanges like Binance, Coinbase, FTX, Kucoin, Huobi Global, and several others. Decentralized exchange (DeX) platforms like UniSwap, Curve Finance, SushiSwap also offer wrapped Bitcoin.

What is the difference between Bitcoin and Wrapped Bitcoin?

Bitcoin only operates on the first blockchain network and serves as the benchmark crypto for much of the crypto market. On the other hand, Wrapped Bitcoin is similar, but it plays a fundamentally different role from the original version. It allows DeFi users to use the digital asset to complete several important transactions, essentially plunging Bitcoin into the DeFi pool. Wrapped Bitcoin is more like a stablecoin to Bitcoin itself.

How can I buy Wrapped Bitcoin?

Wrapped Bitcoin can be purchased from many official merchants, including CoinList, Binance, and several others. However, the tokenized version of Bitcoin is more readily available on DEX platforms like UniSwap and SushiSwap. You can use a centralized exchange which will require you to register an account with them. However, using a DEX like UniSwap will enable you to buy Wrapped Bitcoin without any KYC process.

What are the benefits of Wrapped tokens?

Wrapped tokens have become a major hit with several DeFi users largely due to the liquidity the large-cap cryptocurrencies command. A cryptocurrency like Bitcoin with over $1 trillion in market cap gives a lot of room for financial services to spring up and allows users to provide much liquidity compared to a small-cap asset. Another is that it enables more siloed networks like Bitcoin to participate in the evolving blockchain ecosystem. This can be great for investors who have more choices in selecting investment vehicles to work with.

How do Wrapped tokens work?

Wrapped tokens serve as a bridge between two separate blockchains. For instance, Bitcoin being used on the Ethereum blockchain allows Bitcoin’s large liquidity to stream over into the Ethereum network. Wrapped tokens track the performance of the digital asset they are replicating, making them ideal for DeFi-facing financial transactions.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.