Wrapped Bitcoin price AUD (WBTC)
Wrapped Bitcoin price chart
The below Wrapped Bitcoin price chart tracks the price of Wrapped Bitcoin against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
$42,673.15
- %
Low: $
High: $
$42,673.15
Low: $
High: $
- %
Market cap
$6.9B
Volume 24hr
$83.1M
Supply
162.8K WBTC
Max supply
162.8K WBTC
What is Wrapped Bitcoin?
✓Bitcoin-backed ✓Proof of reserve system ✓ERC-20 token
Wrapped Bitcoin is backed by bitcoin with a reserves ratio of 1:1. WBTC is powerful because it integrates bitcoin into the Ethereum ecosystem, offering both the benefits of bitcoin and the flexibility of an ERC20 token. 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.
How do I buy Wrapped Bitcoin?
- Deposit funds into your Cointree account using our fast and convenient options.
- Enter the amount of Wrapped Bitcoin that you would like to buy.
- Confirm your purchase and Wrapped Bitcoin will be instantly delivered to your Cointree account.
Don't have an account? Click here to get started
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Common Wrapped Bitcoin questions
Everything you need to know about WBTC and how to buy it in Australia.
Where is the best place to buy Wrapped Bitcoin (WBTC)?
[Cointree](https://www.cointree.com/) is the best place to buy WBTC in Australia. Tens of thousands of Aussies choose to invest on our crypto exchange because it's safe and secure, offers low fees, and is incredibly user-friendly. We make it easy for everyone to trade crypto, from beginners to expert crypto traders. Whatever your financial situation, we make it easy to [trade cryptocurrency](https://www.cointree.com/trade/cryptocurrencies/) on our exchange.
Can I sell Wrapped Bitcoin as well?
Yes, you can sell Wrapped Bitcoin on Cointree. In only a few clicks, you can sell WBTC and withdraw AUD or trade it for another cryptocurrency. Simply choose between cash and crypto and make the sale.
Is Wrapped Bitcoin safe?
Yes, Wrapped Bitcoin is safe. The cryptocurrency is both a secure long-term investment and a token to use with a smart contract on the Ethereum network, making it safe for both investors and traders.
WBTC is kept secure by the WBTC DAO. The decentralized autonomous organisation are custodians for the bitcoin held and always use multi-signature contracts when moving any assets held by the network.
What's the difference between bitcoin and Wrapped Bitcoin?
The difference between the two coins is that bitcoin is the original coin and is useable on the bitcoin blockchain, while Wrapped Bitcoin is a tokenized version of bitcoin built on the Ethereum blockchain. This means that, unlike bitcoin, WBTC can be used in smart contracts within the Ethereum ecosystem.
It's important to note that WBTC gets its underlying value from bitcoin itself as bitcoin is the collateral held by the WBTC DAO. So always pay attention to both the market cap of bitcoin and the market cap of WBTC when making your investment.
Can I use Wrapped Bitcoin in the Ethereum ecosystem?
Absolutely. Wrapped Bitcoin was specifically designed to be used as collateral and a stable asset with the Ethereum ecosystem. A number of protocols built on Ethereum have already integrated it into their network, including Ren, Aave, Maker, Compound, and Loopring.
How do I buy Wrapped Bitcoin?
You can buy WBTC on a crypto exchange like Cointree. Simply create an account, verify your identification, deposit AUD and you're ready to start trading cryptocurrency.
Where can I store Wrapped Bitcoin?
The easiest place to store your WBTC is in the free multi-coin wallet that you receive when you create an account with Cointree. Once you verify your account, you'll automatically receive your free wallet. You can also store your WBTC in a hardware wallet like Ledger. You can learn more in our beginner's guide to [bitcoin wallets](https://www.cointree.com/learn/best-bitcoin-wallet-australia/).
Buy Wrapped Bitcoin (WBTC)
Use the price calculator below to enter the amount of AUD you want to buy in Wrapped Bitcoin. You can also switch to convert WBTC to AUD.
Why is Cointree the best place to buy Wrapped Bitcoin in Australia?
Easy and convenient
Easily deposit Australian dollars with a bank transfer or PayID/OSKO and follow our step-by-step guide to buy WBTC with AUD.
Fast and transparent
Quickly buy Wrapped Bitcoin in Australia. With low fees and competitive rates, you can buy more Wrapped Bitcoin with every Australian dollar invested.
Safe and secure
Buy Wrapped Bitcoin with confidence on an AUSTRAC regulated Australian exchange that's protected with bank-level encryption.
Made for you
Our digital currency exchange is designed for Australians, with a user-friendly layout, market depth, and free WBTC and Ethereum wallets.
What can you do with your Wrapped Bitcoin?
Deposit Wrapped Bitcoin
Accessing your funds is easy with Cointree. There are no fees for cryptocurrency deposits. Simply, deposit Wrapped Bitcoin into your Cointree Wallet and be trade-ready.
Hold WBTC
Many investors buy WBTC and use an Ethereum wallet to keep it in cold storage, as they expect the current price and market cap to appreciate.
Trade WBTC
Convert Wrapped Bitcoin (WBTC) to any other digital currency in a few clicks. Check the exchange rates and make your trade with just a few clicks, and at the lowest rates in Australia.
Send WBTC
It's easy to send WBTC or another digital currency to a private wallet when you're holding WBTC as a long term investment.
Spend WBTC
It's easy to spend WBTC in real stores now that more and more merchants are accepting digital currencies as payment.
Learn About WBTC
Discover the benefits of holding a diversified portfolio of cryptocurrencies, the [best bitcoin wallet in Australia](https://www.cointree.com/learn/best-bitcoin-wallet-australia/), and more on our [Learning Hub](https://www.cointree.com/learn/).
Buy WBTC in just a few minutes
Start with as little as AUD $25 and deposit instantly with your bank account.