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Due to recent regulatory changes in Australia, CoinSpot can no longer offer their trading services to Unverified International Accounts.

Please note, you have not lost access to your CoinSpot account or your current balance, but there are restrictions in place whereby Buying, Selling and Trading activity has now been disabled.

You are still able to withdraw your holdings from your CoinSpot account. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to.

If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au.

You must have an account and be logged in to sell 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.

What is a Stop Loss Order?

A Stop Loss Order is a type of order where you can set the amount of bitcoin you would like to sell at a desired price BELOW the current market price.

More Information

How do I Set a Stop Loss Order for Wrapped Bitcoin?

1.
Select the price (Trigger) you would like to sell your Wrapped Bitcoin if the market rate falls.
2.
Enter the quantity you would like to sell if the market rate falls to your selected price.
3.
Click ‘Set Stop Loss’ to confirm your WBTC Stop Loss and your order will be created. Manage your open orders from the Open Orders page.
Don't have an account? Click here.