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How to buy Wrapped Bitcoin (WBTC) in the US

Learn how to buy Wrapped Bitcoin (WBTC) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Wrapped Bitcoin
WBTC- USD
$37,225.00
+ $1,808.23 ( + 5.11%)
DEFI

How to buy Wrapped Bitcoin

1. Compare crypto exchanges

The easiest way to buy Wrapped Bitcoin is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – debit card, wire transfer, credit card and cryptocurrency payments are all widely accepted.

4. Buy Wrapped Bitcoin

You can now exchange your funds for Wrapped Bitcoin. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Wrapped Bitcoin to your personal wallet.

Where to buy Wrapped Bitcoin

Find an exchange to buy, sell and trade WBTC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

95
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

190
cryptocurrencies

Buy 165+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

962
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Paybis Cryptocurrency Exchange
AdvCash, Credit card, Debit card, Neteller, Payeer, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

27
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
Enjoy the local version of the FTX exchange which offers a range of leading cryptocurrencies, up to 10x leverage, access to global liquidity and benefits for FTT token holders.
Bitfinex Professional Trading Exchange
Cryptocurrency
USD, EUR, GBP, JPY

180
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

82
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
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Compare up to 4 providers

Steps on how to buy Wrapped Bitcoin

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Wrapped Bitcoin.

  1. Compare cryptocurrency exchanges that supports WBTC.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Wrapped Bitcoin.
  4. Buy Wrapped Bitcoin.
    Complete your Wrapped Bitcoin purchase and then find the best wallet to store WBTC.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Wrapped Bitcoin

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. Whereas, 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.

How to sell Wrapped Bitcoin

You can cash out your WBTC with the same exchange you bought it through:

  1. Sign in to the exchange you have WBTC on.
    If you store your Wrapped Bitcoin in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of WBTC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Wrapped Bitcoin.

Disclaimer: Cryptocurrencies, including Wrapped Bitcoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WBTC 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 Wrapped Bitcoin or any other cryptocurrency discussed.

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