In this article, we will show you how to buy Wrapped Bitcoin easily. By the end of this article you would learn how to buy WBTC with USD, BTC or ETH. Keep reading.
Table of Contents:
- What is Wrapped Bitcoin? Our review
- Current prices
- Where to buy WBTC
- How to safely store WBTC
- Frequently asked questions
Current Wrapped Bitcoin Price Stats
| WBTC Price | $59800.8700 USD |
| Price Change24h | $-853.0934 USD (-1.41%) |
| 24h Low / 24h High | $58303.9295 / $61062.4414 USD |
| Trading Volume24h | $630 USD |
| MarketCap | $8,722,003,968 USD |
What is Wrapped Bitcoin? A Review
Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.
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Where and How to Buy Wrapped Bitcoin (WBTC) Coin
There are 3 steps to purchasing Wrapped Bitcoin. They are:
- Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase WBTC directly with USD. They are: Coinbase, Bitfinex, ftx, Yobit, .
- Move the Bitcoin to an Exchange that supports WBTC: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the WBTC/BTC trading pairs.
At the moment, WBTC is currently available for purchase with Bitcoin at Bitfinex, Binance, BitTrex, HuobiPro, OKEX, HitBTC, huobikorea, Kucoin, oneinch, uniswap, Coinbase, Binance, BitTrex, HuobiPro, Poloniex, OKEX, huobikorea, Kucoin, Yobit, bilaxy, . - Buy Wrapped Bitcoin on the Exchange: Now, you can buy Wrapped Bitcoin with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different WBTC pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | WBTC/USD | $1,246,299 USD | AA |
| Bitfinex | WBTC/USD | $487 USD | A |
| ftx | WBTC/USD | $402,646 USD | A |
| Yobit | WBTC/USD | $107 USD | D |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | WBTC/BTC | 138.0498 BTC | AA |
| Binance | WBTC/BTC | 992.6206 BTC | A |
| BitTrex | WBTC/BTC | 0.0157 BTC | A |
| HuobiPro | WBTC/BTC | 50.3661 BTC | A |
| Poloniex | WBTC/BTC | 0.0100 BTC | A |
| OKEX | WBTC/BTC | 0.3478 BTC | BB |
| huobikorea | WBTC/BTC | 39.6458 BTC | B |
| Kucoin | WBTC/BTC | 7.3601 BTC | B |
| Yobit | WBTC/BTC | 0.0023 BTC | D |
| bilaxy | WBTC/BTC | 37.0228 BTC | D |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Bitfinex | WBTC/ETH | 0.0418 ETH | A |
| Binance | WBTC/ETH | 3644.3133 ETH | A |
| BitTrex | WBTC/ETH | 0.1496 ETH | A |
| HuobiPro | WBTC/ETH | 82.2723 ETH | A |
| OKEX | WBTC/ETH | 5380.0191 ETH | BB |
| HitBTC | WBTC/ETH | 0.0035 ETH | B |
| huobikorea | WBTC/ETH | 76.8458 ETH | B |
| Kucoin | WBTC/ETH | 73.2284 ETH | B |
| oneinch | WBTC/ETH | 766.0808 ETH | - |
| uniswap | WBTC/ETH | 0.2884 ETH | - |
How to Safely Store Wrapped Bitcoin Crypto
Once you buy Wrapped Bitcoin, the next question you'd have is "where do I store my Wrapped Bitcoins?". It is quiet easy to store your Wrapped Bitcoin tokens after purchase. In fact there are two easy methods of doing so:
- Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Wrapped Bitcoin. If Wrapped Bitcoin is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto. - Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Wrapped Bitcoin for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.
Reported Issues
Frequently Asked Questions
| Question | Answer |
|---|---|
| Where can I buy WBTC with Dollars (USD)? | You can buy Wrapped Bitcoin (WBTC) with U.S Dollars on Coinbase, Bitfinex, ftx, Yobit, . |
| Where can I purchase WBTC with my Bitcoin (BTC)? | As of today, you can buy Wrapped Bitcoin with Bitcoin on any of the following exchanges: Coinbase, Binance, BitTrex, HuobiPro, Poloniex, OKEX, huobikorea, Kucoin, Yobit, bilaxy, . |
| I have Ethereum. Where can I buy WBTC with ETH? | Wrapped Bitcoin is available for purchase using ETH on these Crypto exchanges: Bitfinex, Binance, BitTrex, HuobiPro, OKEX, HitBTC, huobikorea, Kucoin, oneinch, uniswap, . |
| How much is Wrapped Bitcoin? | Right now, the price of WBTC is $59800.8700. |
| Is Wrapped Bitcoin Crypto a good Investment in 2021? | Our analysis shows a possible all time high of $111122.0973. So yes. WBTC is a good investment. |
