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Wrapped Bitcoin has a market capitalization of $9,221,715,123.00 USD. It operates on the Ethereum blockchain network. It is currently trading at a price of $79,409.00 USD per coin and trades using the cryptocurrency code WBTC.
Wrapped Bitcoin is a highly volatile asset capable of major price swings in a single day. So before you buy Wrapped Bitcoin, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy Wrapped Bitcoin in Canada or track its performance, keep reading to see the latest WBTC price, market cap and trading volume along with a step-by-step guide on how to invest in WBTC crypto in Canada.
| Current price | $79,409.00 |
|---|---|
| All-time high | $125,932.00 |
| All-time low | $3,139.17 |
| 1-year price change | ▼ -24.05% |
| Market cap | $9.22B |
| Total volume (24h) | $233.65M |
| Circulating supply | 116,132 |
| Network | Ethereum |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying WBTC can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Wrapped Bitcoin in Canada:
The easiest way to buy Wrapped Bitcoin is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Wrapped Bitcoin. On beginner-friendly exchanges, this is as simple as searching for the coin name (Wrapped Bitcoin) or its crypto code (WBTC), entering the CAD or WBTC amount you want to purchase and clicking "Buy."
Consider transferring your WBTC to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
We've curated a list of legitimate crypto exchanges below where you can buy Wrapped Bitcoin in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The recent Wrapped Bitcoin (WBTC) price is $79,409.00 USD per coin, which is +2.91% higher than the previous day's trading price of $77,166.20 USD. Over the past 30 days, WBTC's price has changed by -7.19%, from $85,560.45 USD to the current price of $79,409.00 USD. Compared to this time last year, Wrapped Bitcoin's price has seen a decrease of -24.05% to its value as a cryptocurrency.
Wrapped Bitcoin reached its all-time high of $125,932.00 USD on October 6, 2025, which was a +3,911.63% increase from its previous all-time low of $3,139.17 USD, which it reached on April 1, 2019. It has since landed at its current price of $79,409.00 USD.
Yes, you can buy Wrapped Bitcoin in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Wrapped Bitcoin—like the ones in our curated list above—and place a "buy" order. For example, Bitbuy supports Wrapped Bitcoin and is a registered crypto exchange in Canada.
Because Wrapped Bitcoin is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Wrapped Bitcoin represents Bitcoin on the Ethereum blockchain. It is an ERC20 token that's backed 1:1 by Bitcoin held in cold storage by a custodian, BitGo. This token enables quicker Bitcoin transactions on the Ethereum network thus facilitating a quicker implementation of Bitcoin on the Ethereum blockchain. It essentially acts as a bridge between the Ethereum and Bitcoin blockchain.
WBTC is currently the most prominent wrapped token setting an example for why wrapping tokens is beneficial to the cryptocurrency community.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Wrapped Bitcoin with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Wrapped Bitcoin with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Wrapped Bitcoin, you could end up paying this:
If it took you three months to pay off your Wrapped Bitcoin purchase at a credit card interest rate of 19.99% APR, you would pay an additional $5.15 USD in interest on top of what you originally paid to buy Wrapped Bitcoin.
This example can help you compare the relative cost of buying Wrapped Bitcoin with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Wrapped Bitcoin, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Wrapped Bitcoin with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Wrapped Bitcoin with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Below are the aspects you should consider before investing in WBTC:
Competitors: This token is not the only tokenized version of wrapped Bitcoin. The other two most prominent alternatives are BTCB, the wrapped Bitcoin on the Binance Smart Chain, and RenBTC on the Ethereum blockchain using the RenVM protocol
Centralisation: The biggest flaw with the existence of WBTC is the high degree of centralisation that's a part of the creation and distribution process, as the unique core proposition of cryptocurrencies is that they are decentralized without the flaws of the fiat currencies. The centralisation in WBTC is brought in with BitGo.
BitGo is the only custodian of the token with whom the actual Bitcoin backing this token is saved in cold storage. Due to this, BitGo is the single point of failure for WBTC.
Any vulnerability with BitGo, technical or otherwise, will be a vulnerability to the entire network and its coins. An alternative, RenBTC, instead of using a merchant, the users engage with a smart contract and RenVM, a combination of which allows users to mint RenBTC in a decentralised ecosystem
There are two main options for storing Wrapped Bitcoin once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Wrapped Bitcoin on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Wrapped Bitcoin is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Wrapped Bitcoin can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Wrapped Bitcoin buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Keep in mind that buying Wrapped Bitcoin can be risky. But if you decide to invest in Wrapped Bitcoin, look for a regulated crypto exchange in Canada that supports WBTC, and make sure to store your crypto securely.
Once you've bought Wrapped Bitcoin, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Wrapped Bitcoin's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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