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$87,947.80

  1.45%

Buy Max ($10,000) Change to WBTC

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What is Wrapped Bitcoin?

Wrapped Bitcoin (WBTC) is an ERC-20 digital token backed by Bitcoin (BTC) at a 1:1 ratio.

  • WBTC was created so that BTC could be integrated into the world of Ethereum wallets, dapps, and smart contracts.
  • WBTC is maintained by a group called the WBTC DAO, which was created by BitGo, Ren, and Kyber. This group now consists of over 30 members.
  • Through a WBTC partner, 1 Bitcoin can be converted to 1 Wrapped Bitcoin. When a user wishes to redeem BTC for WBTC, the corresponding WBTC token is burnt.

By connecting Bitcoin to the Ethereum ecosystem, Wrapped BTC helps deliver much-needed liquidity to DeFi protocols.

How do I buy Wrapped Bitcoin?

1.
Deposit funds into your account.
2.
Enter the amount of Wrapped Bitcoin (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy' to confirm your Wrapped Bitcoin purchase and your Wrapped Bitcoin will arrive in your CoinSpot wallet within minutes.
Don't have an account? Click here.