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About Wrapped Bitcoin



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Launch date

Wrapped Bitcoin



24 Nov 2018


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Available on


PDF (15 pages)


Arbitrum, Ethereum, Gnosis Chain, Optimism, Polygon

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Find below the answers to the most common questions about WBTC. When available, we give you links to in-depth articles for further reading.

Wrapped Bitcoin (WBTC) is the representation of Bitcoin on Ethereum and Ethereum-compatible chains. It is an ERC20 token that is created (wrapped) or destroyed (unwrapped) at a 1:1 ratio with actual bitcoins that are locked or unlocked with custodians that are members of the WBTC DAO. Locking 1 BTC gets you 1 WBTC, and vice versa. The interest? Being able to use the no.1 cryptocurrency in the vast DeFi ecosystem that thrives on Ethereum. With WBTC, you can use Bitcoin with decentralized exchange, borrowing and lending platforms such as Uniswap, Aave and many more.

Right now, 1 WBTC is worth $.

Right now, 1 US dollar is equal to WBTC.

You can convert and exchange WBTC with actual Bitcoin using our swap service, with any of your self-custodial wallets.

Each WBTC token is backed by an actual Bitcoin held by one of the custodian of the WBTC DAO. Members, audits and custody addresses can be seen on wbtc.network/dashboard. This system makes it quite safe, but being centralized WBTC will never be as safe as Bitcoin, which is truly decentralized.

You never store WBTC in itself. Instead, you store the private key giving you access and control over a WBTC address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send WBTC, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy WBTC here by bank transfer or by card on any self-custodial WBTC wallet. For more information, have a look at our step-by-step tutorial on how to buy WBTC.

You can swap WBTC on Mt Pelerin against one of the cryptocurrencies that we support, using any self-custodial WBTC wallet. For more information, have a look at our step-by-step tutorial on how to swap WBTC.

You can cash out WBTC here easily with Mt Pelerin and withdraw funds on your bank account in one of the 12 fiat currencies that we support. For more information, have a look at our step-by-step tutorial on how to sell WBTC.

WBTC price in other currencies

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WBTC price in cryptocurrencies

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