Wrapped Bitcoin is a Bitcoin-backed stablecoin. WBTC is powerful because it integrates bitcoin into the Ethereum ecosystem. Along with bringing more liquidity to DeFi, WBTC gives users BTC exposure while taking advantage of Ethereum’s dApps, smart contracts, and wallets.
Specifically, WBTC is an ERC-20 token on the Ethereum blockchain that is backed 1:1 with bitcoin. Through a WBTC partner and ‘proof of reserve’ system, 1 Wrapped Bitcoin can always be redeemed for 1 regular bitcoin. WBTC was launched in January 2019 in a collaboration between BitGo, Kyber network, and Ren.
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We'll guide you through your first purchase. We offer many deposit methods and like to keep things simple and easy to understand.
Buy Wrapped Bitcoin within minutes. Our low fees are backed up with transparent quotes. Get more Wrapped Bitcoin for your money.
Buy Wrapped Bitcoin safely knowing you're using an AUSTRAC regulated Australian exchange that's been around since 2013.
We listen to our members. Easy yet powerful trading between any of our 100+ coins instantly (5,000+ trading pairs). Track your assets daily performance from your account with ease.
A lot of members like to hold onto their Wrapped Bitcoin in case it increases in value. You can hold your Wrapped Bitcoin in your Cointree account or transfer it to a private wallet.
Cointree allows you to trade any portion of your Wrapped Bitcoin to over 100 other digital currencies instantly.
When buying Wrapped Bitcoin with Cointree, you are able to send your Wrapped Bitcoin to any other Wrapped Bitcoin wallet easily and instantly.
You can use Wrapped Bitcoin to buy many things online aswell as in physical stores. More businesses are accepting Wrapped Bitcoin every day.
Cointree provides a comprehensive learning hub to turn you from a beginner to an expert in no time.
You can pay any Australian BPAY bill using any digital currency.