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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

WBTC market info

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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 NZ$ .

Right now, 1 New Zealand 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 with us here from New Zealand by sending us bank transfers in NZD, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy WBTC.

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

To cash out WBTC with us, you simply need to transfer your crypto to our address. We'll convert your WBTC in NZD, then transfer the funds to your bank account in New Zealand. For more information, have a look at our step-by-step tutorial on how to sell WBTC.

WBTC-NZD conversion table

WBTC iconWBTCNZD iconNew Zealand dollar
0.5 WBTC=
0.1 WBTC=
0.05 WBTC=
0.01 WBTC=
0.005 WBTC=
0.001 WBTC=
0.0005 WBTC=
0.0001 WBTC=
0.00005 WBTC=
0.00001 WBTC=
NZD iconNew Zealand dollarWBTC iconWBTC
NZ$ 1 NZD=
NZ$ 5 NZD=
NZ$ 10 NZD=
NZ$ 15 NZD=
NZ$ 25 NZD=
NZ$ 50 NZD=
NZ$ 100 NZD=
NZ$ 1,000 NZD=
NZ$ 10,000 NZD=
NZ$ 100,000 NZD=
NZ$ 1,000,000 NZD=

WBTC price in other currencies

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