Wrapped Bitcoin (WBTC)
Loading...
Loading...
About WBTC
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin (BTC) that operates on the Ethereum blockchain, enabling users to access the Ethereum ecosystem and participate in decentralized finance (DeFi) applications. Created by the Wrapped Tokens project, WBTC is an ERC-20 token that represents a 1:1 ratio with Bitcoin, allowing users to utilize Bitcoin in the Ethereum ecosystem while maintaining the value and scarcity of Bitcoin. By bridging the gap between the Bitcoin and Ethereum networks, WBTC expands the utility of Bitcoin, providing users with more opportunities to earn yields, participate in lending protocols, and access decentralized exchanges. With its secure and reliable wrapping process, WBTC has become a popular choice for users seeking to access the DeFi space while still maintaining the value and security of Bitcoin. As a tokenized asset, WBTC is traded on various cryptocurrency exchanges and is recognized as a leading DeFi token, offering users a unique way to interact with the Ethereum ecosystem while leveraging the value and security of Bitcoin.
Convert Fiat to Wrapped-bitcoin
Fact Sheet
News
'First-of-Its-Kind' ETF Focuses on Bitcoin-Linked Corporate Bonds
Retail investors can now access bitcoin-backed corporate bonds through a groundbreaking ETF, offering exposure to companies using convertible debt to integrate bitcoin into their financial strategy. Nasdaq-Listed ETF Offers Bitcoin Corporate Debt Exposure REX Shares announced on March 14 the…
13 Bitcoin Time Capsules Crack Open: $27M in 2013 BTC Suddenly Awaken
When bitcoin slipped beneath the $80,000 mark last Thursday, a cluster of 13 long-dormant wallets from 2013 suddenly sprang to life, shifting 325 BTC—now worth $27.4 million—into motion. A Set of 13 Decade-Old Bitcoin Vaults Unlock These days, bitcoin’s price…
Send XRP, DOGE and SHIB As FIAT to Any Bank Account in the World With Remittix
This content is provided by a sponsor. PRESS RELEASE. Every new year brings one project that stands out in the crypto headlines and causes quite a stir among crypto users. More often than not, that token is a DeFi coin.…
XRPTurbo Raises Over 70,000 $XRP In Token Presale, Is This The Ripple Altcoin To Watch Out For In 2025?
This content is provided by a sponsor. XRPTurbo ($XRT) has soared past another major milestone, raising over 70,000 XRP during its highly anticipated presale, and industry analysts believe the presale may wrap up far ahead of schedule. With XRP’s recent…
XRP Price Watch: Bulls Defend Key Support, But Resistance Looms
XRP has surged to $2.36, marking a 5% increase over the past 24 hours, with a market capitalization of $136 billion. Trading volume for the day reached $4.09 billion, as the cryptocurrency moved within an intraday range of $2.22 to…
Frequently Asked Questions about Wrapped Bitcoin
What is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin (BTC) that operates on the Ethereum blockchain. It is an ERC-20 token that represents a 1:1 ratio with Bitcoin, allowing users to utilize Bitcoin in the Ethereum ecosystem and participate in decentralized finance (DeFi) applications.
How does Wrapped Bitcoin work?
Wrapped Bitcoin is created through a process called wrapping, where a user sends Bitcoin to a custodian, who then mints an equivalent amount of WBTC on the Ethereum blockchain. This allows users to access the Ethereum ecosystem and utilize Bitcoin in DeFi applications, while still maintaining the value and scarcity of Bitcoin.
What is the purpose of Wrapped Bitcoin?
The primary purpose of Wrapped Bitcoin is to enable the use of Bitcoin in the Ethereum ecosystem, allowing users to access DeFi applications, such as lending protocols, decentralized exchanges, and yield farming platforms. This expands the utility of Bitcoin and provides users with more opportunities to earn yields and participate in the DeFi space.
How can I get Wrapped Bitcoin?
Wrapped Bitcoin can be obtained through various methods, including wrapping Bitcoin through a custodian, purchasing WBTC on a cryptocurrency exchange, or earning WBTC through DeFi applications. Users can also unwrap WBTC to redeem the underlying Bitcoin.
What are the benefits of using Wrapped Bitcoin?
Wrapped Bitcoin offers users the ability to access the Ethereum ecosystem and participate in DeFi applications, while still maintaining the value and scarcity of Bitcoin. This provides users with more opportunities to earn yields, participate in lending protocols, and access decentralized exchanges.
Can I use Wrapped Bitcoin for everyday transactions?
While Wrapped Bitcoin can be used for everyday transactions, it is primarily designed for use in DeFi applications and the Ethereum ecosystem. Transacting WBTC on the Ethereum network implies paying gas fees in ETH, as with any other ERC20 token.
How does Wrapped Bitcoin differ from other tokenized assets?
Wrapped Bitcoin differs from other tokenized assets in that it is backed by a 1:1 ratio of Bitcoin, ensuring that the value of WBTC is directly tied to the value of Bitcoin. This provides users with a secure and reliable way to access the Ethereum ecosystem and participate in DeFi applications.