How to buy Wrapped Bitcoin (WBTC)
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What is wBTC?
Wrapped bitcoin (wBTC) is a cryptocurrency pegged to the price of BTC and backed by real bitcoin reserves. It provides a creative way for ethereum applications to integrate bitcoin. This grants bitcoin users access to decentralized finance (DeFi) applications and allows for ethereum applications to gain additional liquidity.
In short, wBTC is an ERC20 token that represents bitcoin on the Ethereum blockchain. 1 bitcoin can be exchanged for 1 wrapped bitcoin and vice versa.
wBTC is currently managed by the wBTC DAO and was originally launched by BitGo, Ren, and Kyber Network.
Why buy wBTC?
- Invest in DeFi
- Partake in the governance of yearn.finance
- Support development on Ethereum
How do I buy wBTC?
Buying wBTC with Coinmama is simple, smooth, and secure:
- Create Your Coinmama Account
- Get Verified
- Buy wBTC