How to Buy Wrapped Bitcoin (WBTC) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Wrapped Bitcoin and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Wrapped Bitcoin.
  2. Register a new account.
  3. Fund your account.
  4. Buy Wrapped Bitcoin.
WBTC
$65667.266881844

These steps are simple if you know where to buy Wrapped Bitcoin cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Wrapped Bitcoin (WBTC) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Wrapped Bitcoin Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

76

Only

76

of these exchanges sell Wrapped Bitcoin.

We then filter down the entire set of possible marketplaces to only the ones that have active WBTC markets.

22

Only

22

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
,
Debit Card
,
Wire Transfer
,
Paypal
,
Apple Pay
,
Google Pay
,
SEPA
,
EFTCAD
,
Interac
,
SGD Transfers
,
3D Secure Card UK
,
Easy Bank Transfer UK
,
Faster Payments UK
,
Instant Card Cashouts UK
,
PayPal UK
,

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Wrapped Bitcoin cryptocurrency.

You can buy Wrapped Bitcoin on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Wrapped Bitcoin (WBTC)

After registering and funding your account at , you should be able to buy Wrapped Bitcoin after your deposit finishes processing. After you receive your WBTC, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Wrapped Bitcoin Exchanges

Wrapped Bitcoin is also available on these exchanges:


Frequently Asked Questions

Yes, Wrapped Bitcoin is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Wrapped Bitcoin instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) WBTC. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Wrapped Bitcoin, you will need to deposit funds into your exchange account - which usually has no fees - and then buy WBTC, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Wrapped Bitcoin at Zengo, Binance, Coinbase.

Wrapped Bitcoin Investment & Buying Guide

Diving into the crypto space, you’ve likely encountered Bitcoin, the pioneer digital currency. But have you heard about Wrapped Bitcoin (WBTC)? It’s a game-changer, bringing Bitcoin’s liquidity to the Ethereum blockchain. With WBTC, you’re not just holding Bitcoin; you’re wielding its power in the dynamic world of decentralized finance (DeFi).

Wrapped Bitcoin stands out by enabling Bitcoin holders to participate in Ethereum’s ecosystem without selling their BTC. This seamless bridge between the two leading cryptocurrencies offers you new avenues for investment and usage. Stay tuned as we unwrap the layers of WBTC in this comprehensive research report.

What is Wrapped Bitcoin Cryptocurrency?

Wrapped Bitcoin, or WBTC, is a form of cryptocurrency that embodies the value of Bitcoin within the Ethereum ecosystem. This innovative digital asset enables users like you to use Bitcoin value in DeFi applications, attracting investors and traders who wish to leverage BTC in a wider array of platforms. Furthermore, WBTC maintains a one-to-one value with Bitcoin, ensuring that 1 WBTC is always equivalent to 1 BTC.

How Does Wrapped Bitcoin Compare to Other Cryptocurrencies?

WBTC stands out by integrating Bitcoin’s well-established market presence with Ethereum’s versatile smart contract capabilities. Here’s a brief comparison:

  • Liquidity: WBTC brings Bitcoin’s substantial liquidity to decentralized exchanges and financial apps on Ethereum.
  • Usability: It expands Bitcoin’s utility, allowing BTC holders to engage in Ethereum’s DeFi space without selling their Bitcoin.
  • Interoperability: By tokenizing Bitcoin, WBTC breaks down barriers between blockchain ecosystems.

Decentralized Finance (DeFi) Involvement: Wrapped Bitcoin’s unique proposition lies in its DeFi involvement which traditional Bitcoin cannot offer due to Ethereum’s distinct infrastructure.

Security: As a wrapped token, WBTC maintains BTC’s level of security while being used in Ethereum’s network; however, it incorporates the security protocols of both blockchains.

Smart Contracts: Unlike Bitcoin, WBTC takes advantage of Ethereum’s smart contracts, thereby introducing programmable features to Bitcoin holdings.

Tokenization: While numerous cryptocurrencies are native to their own blockchains, WBTC represents a trend in tokenizing one cryptocurrency into another’s format, thus enhancing cross-chain functionality.

Each of these aspects establishes WBTC as a pivotal currency for users looking to maximize their digital asset’s potential across multiple blockchain platforms. As the crypto landscape continues to evolve, Wrapped Bitcoin may prompt further innovations in cross-chain interoperability and tokenization. Understanding these key points ensures you’re well-equipped to navigate the complexities and opportunities of WBTC.

Wrapped Bitcoin History & Growth

Wrapped Bitcoin was officially launched in January 2019, the result of a combined effort by BitGo, Kyber Network, and Ren. Aimed at integrating Bitcoin’s liquidity with Ethereum’s expansive DApp ecosystem, it created a bridge between the two leading cryptocurrencies.

By the end of 2020, WBTC surged in market capitalization, aligning with the DeFi boom on Ethereum. This growth showcased Ethereum’s potential to support vast amounts of value transferred from Bitcoin.

In 2021, WBTC became a pivotal player in the DeFi space, showing significant integration into lending platforms, decentralized exchanges, and yield farms. The rise in its use cases solidified its status in decentralized finance.

WBTC’s growth isn’t just numerical. It has sparked conversations about how Bitcoin can evolve beyond its original scope and interact with other blockchain networks.

Notably, institutional investors have taken an interest in WBTC due to its unique position at the intersection of Bitcoin and DeFi. This engagement is a marker of crypto’s increasing mainstream adoption.

As of the latest reports, Wrapped Bitcoin’s market cap sits comfortably in the billions, reflecting its widespread acceptance and utility in the crypto ecosystem. Its trajectory illustrates a trend towards more interconnected blockchain technology.

Buying Wrapped Bitcoin with Different Payment Methods

Buying Wrapped Bitcoin with a Credit Card

You can purchase Wrapped Bitcoin (WBTC) using a credit card through various cryptocurrency exchanges. The process is straightforward and usually involves a KYC verification to comply with regulatory standards.

Buying Wrapped Bitcoin with a Debit Card

Debit cards offer a convenient way to buy WBTC directly on platforms that support this payment method. Transactions are typically quick, and you can monitor your spending easily as the funds are drawn from your bank account balance.

Buying Wrapped Bitcoin with Apple Pay

Apple Pay is becoming an increasingly popular option for buying WBTC due to its security features. Users enjoy the simplicity and speed of transactions, as they’re completed with just a touch or a glance.

Buying Wrapped Bitcoin with Paypal

Paypal has enabled users to purchase cryptocurrencies, including WBTC, with their existing account balances or linked cards. It’s a flexible option that merges the crypto space with a familiar payment service.

Buying Wrapped Bitcoin with a Bank Transfer

For larger transactions, a bank transfer might be your preferred method to acquire WBTC. This is often preferred for its lower fees compared to card transactions, but it might take longer for the funds to clear.

Keeping Your Wrapped Bitcoin Safe

After acquiring Wrapped Bitcoin (WBTC), ensuring the safety of your investment is crucial. In this digital era, security breaches are not uncommon, but with the right storage solution, you can safeguard your assets effectively.

Software Wallets

Software Wallets offer a convenient way to manage your WBTC directly from your computer or mobile device. They’re easily accessible, often free, and come with a variety of security features. However, since they’re connected to the Internet, they’re more susceptible to online threats. To enhance security, opt for wallets with two-factor authentication (2FA) and regularly update the software to protect against vulnerabilities.

Hardware Wallets

For higher security, Hardware Wallets are the gold standard in cryptocurrency storage. These physical devices store your private keys offline, which drastically reduces the risk of hacking. Brands like Ledger and Trezor are popular choices among crypto users due to their robust security measures. Although they come with a higher upfront cost, the peace of mind they provide is often deemed priceless when it comes to protecting significant investments in WBTC.

Selling & Withdrawing Wrapped Bitcoin

When you’re ready to sell your Wrapped Bitcoin, most cryptocurrency exchanges facilitate the transaction seamlessly. WBTC operates on a 1:1 peg with Bitcoin, ensuring you can trade back into BTC or any other currency with confidence.

Accessing liquidity with WBTC may be advantageous due to higher transaction speeds and lower fees compared to the Bitcoin network. This means you can move in and out of positions or convert into fiat currency with potential savings.

After selling WBTC, withdrawing funds to your bank account involves a few extra steps but it’s straightforward. Always check the exchange’s withdrawal policies, as they may have minimum amounts and withdrawal fees.

For US residents, remember IRS regulations require reporting cryptocurrency sales, exchanges, and earnings. Align your tax reporting with these transactions to remain on the right side of the law.

It’s essential to consider timing and market conditions, which can greatly affect the value you receive from your WBTC sale. The cryptocurrency market’s volatility can work to your advantage or pose unwanted risks.

Opting for a direct peer-to-peer transaction may offer another route to liquidate your WBTC. This could provide more control over the sale price, but it requires caution since it lacks the security of an established exchange.

Is Wrapped Bitcoin a Good Investment?

Wrapped Bitcoin (WBTC) brings the liquidity of Bitcoin to the Ethereum blockchain. It ties its value directly to Bitcoin, historically a strong performer in the crypto market. As a bridge between two leading cryptocurrencies, WBTC offers exposure to Bitcoin’s price movements while enabling participation in Ethereum-based decentralized finance (DeFi) applications.

Given its design, WBTC has become an essential tool for traders seeking to optimize their investment strategies across different blockchains. This amplifies your potential for both profit and diversification. It’s crucial to note WBTC’s acceptance in DeFi protocols ensures its demand remains relatively stable, which can be a beacon of stability in a volatile market.

The correlation between WBTC and Bitcoin means that it inherits the same level of risk and potential for high returns. Investing in WBTC is akin to investing in Bitcoin, with the added advantage of engaging with Ethereum’s extensive ecosystem. Prices for WBTC will fluctuate, mirroring Bitcoin, but remember, the crypto market’s inherent volatility means investments should always be approached with caution.

Diversification is key; incorporating WBTC into your portfolio could provide balance, especially if you’re already invested in other cryptocurrencies or DeFi platforms. The value proposition of WBTC lies in its ability to merge Bitcoin’s market presence with Ethereum’s technical capabilities. This symbiosis creates unique opportunities for investors within the ever-evolving landscape of blockchain technology.

Wrapped Bitcoin Price Predictions

Historical performance is a fundamental aspect when predicting the price of Wrapped Bitcoin (WBTC). WBTC’s price typically mirrors Bitcoin’s, given its 1:1 peg to the latter.

Experts analyze market trends and crypto-economic signals to forecast future WBTC values. Technical analysis tools like moving averages and Fibonacci retracements often play a key role in these predictions.

Recent institutional interest in WBTC has sparked discussions around its potential price growth. Institutional investment could suggest a bullish trend for WBTC’s future.

Regulatory developments across the globe impact crypto markets, including WBTC. Keep an eye on legal changes as they could significantly influence WBTC’s price.

Predictive models speculate that WBTC might experience a compound annual growth rate (CAGR) of 5% to 10% in the next five years. This is, however, subject to Bitcoin’s market trajectory and overall crypto space innovations.

Community sentiment, often gauged through social media and investor forums, can provide real-time insights into WBTC’s prospective price movements. Positive sentiment typically correlates with upward price action.

Remember, cryptocurrency markets are unpredictable, and past performance is not always indicative of future results. Always do your due diligence before making investment decisions.

Additional Info

With a variety of payment options at your disposal, acquiring Wrapped Bitcoin has never been more accessible. You’ve got the flexibility to choose the method that suits your needs best while benefiting from enhanced convenience and security. Remember to secure your WBTC with reliable wallets, safeguarding your investment. As you consider WBTC’s potential to diversify your portfolio, it’s important to stay informed about market trends and regulatory shifts that could impact its value. While the allure of integrating Bitcoin’s liquidity with Ethereum’s expansive DeFi ecosystem is strong, always approach your investment with a strategic mindset. Keep researching, stay cautious, and don’t hesitate to leverage analytical tools to make well-informed decisions in the dynamic world of cryptocurrency.

Wrapped Bitcoin (WBTC)
Price
$65667.266881844
24h Change
-2.9
7d Change
-8.3