How to Buy Wrapped Bitcoin (WBTC)

Interested in buying Wrapped Bitcoin (WBTC) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Wrapped Bitcoin (WBTC) instantly wherever you are! Check out all the ways you can buy WBTC on KuCoin.

Buy Wrapped Bitcoin (WBTC) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Wrapped Bitcoin (WBTC)

Use a variety of payment options to buy Wrapped Bitcoin on KuCoin. We'll show you how.

Choose How You Want to Buy Wrapped Bitcoin on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Wrapped Bitcoin (WBTC).

Buy Wrapped Bitcoin (WBTC) with a Credit or Debit Card

This is the easiest way for new users to purchase (WBTC). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.

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How to Buy Crypto With Credit Debit Card Web

Buy Wrapped Bitcoin (WBTC) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy Wrapped Bitcoin. You can purchase WBTC once the funds arrive in your account.

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Buy Wrapped Bitcoin (WBTC) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.

Buy Wrapped Bitcoin (WBTC) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Wrapped Bitcoin (WBTC). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Wrapped Bitcoin (WBTC) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Wrapped Bitcoin (WBTC).

Tip: KuCoin offers a variety of order types to buy Wrapped Bitcoin (WBTC) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Wrapped Bitcoin (WBTC) in your Trading Account.

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Get Your First Wrapped Bitcoin (WBTC) with KuCoin

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How to Store Wrapped Bitcoin (WBTC)

The best way to store Wrapped Bitcoin (WBTC) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Wrapped Bitcoin (WBTC).

Store Wrapped Bitcoin in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Wrapped Bitcoin in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Wrapped Bitcoin (WBTC) to a non-custodial wallet. Storing Wrapped Bitcoin (WBTC) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Wrapped Bitcoin (WBTC) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Wrapped Bitcoin (WBTC).

What Can You Do with Wrapped Bitcoin (WBTC) on KuCoin?

Hold

Store your Wrapped Bitcoin (WBTC) in your KuCoin account.

Trade

Trade Wrapped Bitcoin (WBTC) in the spot and futures markets.

Earn

Earn passive income by staking or lending Wrapped Bitcoin (WBTC).

Why Is KuCoin the Best Platform to Buy Wrapped Bitcoin (WBTC)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Wrapped Bitcoin and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Wrapped Bitcoin (WBTC) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain WBTC in an instant when you buy on KuCoin.

FAQ

Is Wrapped Bitcoin (WBTC) a Good Investment?

Wrapped Bitcoin has the same inherent value as Bitcoin, the world’s first and largest cryptocurrency by market cap. Investing in WBTC is very similar to investing in BTC, except that it gives you the flexibility to do more with the crypto than just making payments, trading, and HODLing on different blockchains.

As Bitcoin has a fixed supply and turns even more attractive as an asset to invest in and hold among institutional investors worldwide, the value of BTC and the corresponding WBTC price could head higher. An increased interest in BTC can make Wrapped Bitcoin a sound investment to consider.

Bullish sentiment among investors towards the crypto market in general and Bitcoin, in particular, can be one of the most vital fundamentals driving up the Wrapped Bitcoin price and making it a valuable investment. In addition, the growth of the decentralized finance markets can also make WBTC even more valuable as an asset to invest in, letting you trade and invest in WBTC via DEXs and DeFi platforms.

Beyond DeFi, the rising adoption of Wrapped Bitcoin as an accepted payment method by businesses worldwide can make it an exciting crypto asset to include in your portfolio. The Wrapped Bitcoin cryptocurrency could also trend higher in price and demand as more dApps integrate this crypto for use.

BTC vs. WBTC: Difference Between Bitcoin and Wrapped Bitcoin

Wrapped Bitcoin is the tokenized representation of Bitcoin as an ERC-20 token on the Ethereum network. Its value is based on the original Bitcoin price. Here are the key differences between these two crypto assets:

Blockchain: Bitcoin vs. Ethereum

BTC - the original cryptocurrency, operates on the Bitcoin network. It is the world’s first and largest digital asset by crypto market cap. On the other hand, WBTC is one of several digital assets functioning in the Ethereum ecosystem.

Use Cases

Bitcoin has limited use cases because its blockchain cannot handle smart contracts and dApps. This led to the creation of WBTC, a wrapped version of Bitcoin that could be programmed via smart contracts, used in decentralized apps, and functioned as a crypto asset to lend liquidity to decentralized exchanges running on Ethereum.

Can You Mine Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin, unlike native Bitcoin, exists as a token on the Ethereum blockchain and cannot be mined. It is programmed using smart contracts and cannot be generated without being backed by BTC reserves.

The only way to create WBTC is by depositing BTC crypto with merchants, who then perform the swapping operation and mint WBTC tokens to send to the users. WBTC tokens are also burned whenever users request a return on BTC by sending back the WBTC tokens and exchanging them for Bitcoin.

However, there are other ways to obtain Wrapped Bitcoin crypto, including trading or buying them on CEXs and DEXs. You can earn WBTC through staking, lending liquidity, or yield farming on supported platforms.

How to Convert BTC to WBTC in MetaMask

You cannot use MetaMask directly to convert Bitcoin into Wrapped Bitcoin. This is because the MetaMask wallet is Ethereum-based and does not have support for the Bitcoin cryptocurrency.

However, you can perform swaps between BTC and WBTC on exchanges such as KuCoin or DeFi platforms that support the transactions. The easiest way to convert BTC to WBTC is by heading to the KuCoin Spot Trading section to trade the WBTC/BTC crypto pair.

On this page, you can exchange Bitcoin for Wrapped Bitcoin by selling BTC to buy WBTC. You can then send the swapped WBTC from your KuCoin trading account into MetaMask to store or use from there.

How to Swap WBTC for BTC

You can swap your Wrapped Bitcoin back to Bitcoin using exchanges and DeFi platforms that offer these cryptocurrencies among their listings. Some digital wallets use Unwrap features to let you swap WBTC for BTC.

Such an option is also available on DeFi bridges which support the transfer of cryptocurrencies from one blockchain to another. Look for a bridge that supports the transfer of Ethereum-based ERC-20 tokens to native Bitcoin to perform such a swap.

Another convenient and safe way to swap WBTC for BTC is to use a cryptocurrency exchange like KuCoin to sell Wrapped Bitcoin. On KuCoin’s Spot Trading section, all you need to do is to sell the WBTC/BTC pair to swap your Wrapped Bitcoin tokens for Bitcoins.

Wrapped Bitcoin (WBTC) Price Analysis

Live Price

The live price of WBTC is 27,072.31976 USD, representing a decrease of -0.04% in the past 7 days and 0.01% increase in the past 24 hours.

Historical Trends

The all-time high of WBTC was 67,011 USD on 11-15, 2021, from which the coin is now down -59.60%.
The all-time low of WBTC was 3,330.11634 USD, from which the coin is now up 87.70%.

ATL$ 3,330.11

ATH$ 67,011

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Disclaimer

Given the nature of the crypto market, the price of Wrapped Bitcoin (WBTC) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.