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How to buy Wrapped Bitcoin (WBTC) in the US

A beginner's guide to buying and selling WBTC in the US.

Wrapped Bitcoin
WBTC- USD
DEFI
$38,429.00
-$856.95 (-2.18%)

How to buy Wrapped Bitcoin

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

  1. Open an account on an exchange that supports WBTC.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. 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.
  3. 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 is Wrapped Bitcoin?

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.

Wrapped Bitcoin (WBTC) is the 16th largest cryptocurrency in the world by market cap, valued at $7,326,103,490. The current price of Wrapped Bitcoin is $38017, which is -2.585% lower than yesterday. Prices have ranged between $39632 and $37952 over the past 24 hours. All prices are listed in US dollars and accurate as of August 04, 2021 06:08 UTC.

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
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
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.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

247
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

63
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

125
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

19
cryptocurrencies

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.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

69
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
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Compare up to 4 providers

Wrapped Bitcoin at a glance

Information last updated August 04, 2021 06:08 UTC.
Coin symbolWBTC
Total WBTC supply192,474
Circulating WBTC192,474
Current priceUS$38017
All time highUS$64,565.00
All time high dateApril 14, 2021
PartnershipsKyber Network, Ren, BitGo
IndustryDecentralized finance
NetworkEthereum

Wrapped Bitcoin price performance over time

Historical prices compared with the price of US$38017.

1 hour -0.75%
24 hours -2.58%
7 days 2.03%
14 days 22.83%
30 days 9.51%
60 days -2.93%
200 days -3.12%
1 year 244.54%

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.

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.
  • Centralization: The biggest flaw with the existence of WBTC is the high degree of centralization 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 centralization 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 decentralized ecosystem.
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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