Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
How to Buy Wrapped Bitcoin(WBTC)
- What is Wrapped Bitcoin(WBTC)?
- Where to Buy Wrapped Bitcoin(WBTC)?
- How to Buy Wrapped Bitcoin(WBTC) with Cash/Credit Card/Debit Card?
- How to Buy Wrapped Bitcoin(WBTC) with USDT From CEX?
- What to Do After I Buy Wrapped Bitcoin(WBTC)
- Frequently asked questions
What is Wrapped Bitcoin(WBTC)?
Wrapped Bitcoin (WBTC) is the ERC20 token backed 1:1 with Bitcoin. It brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications.
Where to Buy Wrapped Bitcoin(WBTC)?
If you want to buy Wrapped Bitcoin, you may need to prepare the following things:
- Crypto exchange account or crypto wallet account. Except for the crypto exchange account, it is recommended to create a crypto wallet(such as Metamask) account. (What Is a Crypto wallet?)
- Personal identification document (if you are using the Know Your Customer (KYC) platform)
- Secure internet connection
- Valid payment methods, such as bank accounts, debit cards, and credit cards
Many crypto exchanges or crypto wallets provide Wrapped Bitcoin(WBTC) over-the-counter (OTC) trading services and support buying Wrapped Bitcoin(WBTC) with fiat currency. In that case, it is easy for you to choose a crypto exchange or crypto wallet to buy, sell, and trade Wrapped Bitcoin(WBTC) with your local fiat currencies, such as USD, EUR, TRY, PHP, etc. You can select from one of the crypto exchanges and crypto wallets that support OTC Wrapped Bitcoin(WBTC) trade listed by CoinCarp:
CoinbaseExcept for buying Wrapped Bitcoin by cash (fiat currency), you can choose to purchase stable coins(such as USDT, USDC, BUSD, etc.) first, then swap them to Wrapped Bitcoin(WBTC) in crypto exchange. Now, Wrapped Bitcoin(WBTC) is listed in the following exchanges, you can choose one to buy, sell, and trade Wrapped Bitcoin(WBTC) with stable coins or swap with other altcoins:
| Exchange | Pairs | Price | Volume | Volume% | 24h% | Updated |
|---|---|---|---|---|---|---|
 Binance | WBTC/BTC | $61,158.56 | $20,665,741 | 14.91% | 0.04% | Recently |
| Binance | WBTC/USDT | $61,109.23 | $2,656,152 | 1.97% | 4.37% | Recently |
 OKX(OKEx) | WBTC/BTC | $61,162.08 | $1,330,190 | 0.97% | 0.06% | 24 min s Ago |
| OKX(OKEx) | WBTC/USDT | $61,163 | $705,552 | 0.51% | 4.17% | 7 min s Ago |
 Bybit | WBTC/BTC | $61,130.66 | $624,083 | 0.46% | 0.00% | 12 min s Ago |
 Coinbase | WBTC/BTC | $61,145.83 | $599,227 | 0.44% | 0.01% | 25 min s Ago |
How to Buy Wrapped Bitcoin(WBTC) with Cash/Credit Card/Debit Card?
To buy Wrapped Bitcoin(WBTC) using cash, such as USD (US Dollar), you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card. Different countries may have different supported platforms, for example, you can buy Wrapped Bitcoin(WBTC) via Coinbase, Paypal (or Venmo), or Robinhood in the United States. However, for most of the countries, the mainstream platforms that support Wrapped Bitcoin(WBTC) trading(OTC) with cash are centralized exchanges(CEX), such as Coinbase, Binance, etc. Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. (Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Add a payment (funding) method to your centralized exchanges(CEX)'s. To add a payment method to your account, you can either click on the "Add payment method" box that appears at the exchange or clicks on your profile photo and settings the payment methods.
- Step 4: You can choose to buy Wrapped Bitcoin(WBTC) with a Debit/Credit Card, Bank Deposit, and Third-party Payment. Generally, it varies from different CEX and different areas. For US residents, if you are using Coinbase, you can click on the "Trade" button next to the coin then fill out how much US Dollars you'd like to invest in and click the "Buy" button.
Also, you can buy and sell Wrapped Bitcoin(WBTC) on P2P platforms. P2P (Peer-to-Peer) trading is also known as C2C (Customer-to-Customer) trading in some regions. In P2P trade, the users directly buy or sell cryptocurrencies from each other on a P2P platform, exchange, or marketplace.
How to Buy Wrapped Bitcoin(WBTC) with USDT From CEX?
- Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. (Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Use fiat to buy USDT. You can use the service provided by the CEX which supports OTC trading or use the financial service platform(Paypal, or Robinhood, available for US residents) that supports funding via either your bank account or credit card.
- Step 4: Transfer your USDT purchased by fiat to the CEX that supports Wrapped Bitcoin(WBTC) trading in spot market and buy Wrapped Bitcoin(WBTC) in spot market by USDT.
Note: Some CEX may not available in your country or area, you'd better consult the exchange's customer service or check the announcement from exchanges. As for the tax issue, you may consult the local department for more information.
What to Do After I Buy Wrapped Bitcoin(WBTC)
Store/Hold Wrapped Bitcoin(WBTC)
Many investors hold their Wrapped Bitcoin with the expectation of it increases in value. You can store your Wrapped Bitcoin on your exchanges' wallets(such as Binance Wallet) or on crypto wallets( such as Trust Wallet), if you wish to store them for the long term, you can store them in a cold wallet instead of a hot wallet. ( Hot Wallets vs Cold Wallets: What's the Difference? ).
Trade Wrapped Bitcoin(WBTC)
You can trade Wrapped Bitcoin(WBTC) for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for Wrapped Bitcoin trading to meet your needs.
Earn Wrapped Bitcoin(WBTC)
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Transfer
Unlike sending money overseas, you can send Wrapped Bitcoin to anyone in the world virtually instantly.
Purchasing Goods
Some online platforms or offline shops accept crypto as payments. You can purchase good or service from these places.
Frequently Asked Questions(FAQ)
Can I buy 1 Wrapped Bitcoin(WBTC)?
Is Wrapped Bitcoin a good investment in 2024?
For the people who truly believe in the value of cryptocurrency and the future application of crypto, Wrapped Bitcoin may be a worthwhile investment.
However, the crypto market is incredibly volatile like the stock market, it is not recommended to invest all your assets in crypto. Investors definitely need to evaluate the pros and cons of Wrapped Bitcoin. Sometimes you should do some research, for example, read the white paper of the project or check the data of historical Wrapped Bitcoin price or Wrapped Bitcoin Return On Investment(ROI). Ultimately, it depends on your appetite for risk.
How to Store Wrapped Bitcoin(WBTC)?
If you want to keep and hold Wrapped Bitcoin(WBTC) for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.
How long does it take to buy Wrapped Bitcoin(WBTC)?
As for DEX, the transaction will be confirmed by the node in the network. The confirmation time depends on your gas price. If you submit with a low gas price, you can find your transaction taking a long time to process. For advice on what gas prices will result in a transaction being finalized in a reasonable amount of time, if you are using the Ethereum network, please refer to sources such as Etherscan's gas tracker, or a similar tracker for whichever network you're using.
Wrapped Bitcoin Price
Wrapped Bitcoin price today is $60,822.41 with a 24-hour trading volume of $137,731,436. WBTC price is down -4.8% in the last 24 hours. It has a circulating supply of 155,384 WBTC coins and a total supply of 155,384.