Ethereum wallets like Argent allow you to swap between different ERC-20 tokens directly on their wallet interface. Ledger is your gateway to buy, store and manage your Wrapped Bitcoin securely. Our solution lets you securely manage your Wrapped Bitcoin and more than 1800 different assets in one single app. You can also buy Wrapped Bitcoin on other plateforms and then secure it with your hardware wallet. Get direct access to the Bitcoin, Bitcoin Cash, Ethereum, Avalanche, Polygon, and BNB Smart Chain public blockchains. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency.
You can buy Wrapped Bitcoin directly on Ledger Live from our partner Coinify. You will need to create a Wrapped Bitcoin account on Ledger Live, to connect your Ledger hardware wallet and to verify your identity. Once you buy your Wrapped Bitcoin using your payment card or a bank transfer, it will be automatically sent to your hardware wallet, and thus secured. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.
Kraken
It is often the first to offer buying opportunities for new tokens. Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. It was first announced on October 26, 2018, and officially launched on January 31, 2019. Wrapped Bitcoin is important for its role in allowing Bitcoin to be used in decentralized finance (DeFi). It is used in crypto lending services, prediction markets and other ERC-20-enabled DeFi applications. While WBTC is hosted on the Ethereum blockchain, it is available on other Ethereum Virtual Machine (EVM) compatible blockchains, such as Avalanche.
Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. It is a very popular and suitable choice, particularly for new traders. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.
How do I trade, convert or sell Wrapped Bitcoin?
You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that’s right for you. KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
Products like the Nano Ledger X will help cryptos such as Bitcoin become adopted the broader society. Fast delivery, good online tutorials, the cold wallet has support for multiple apps and also supports ‘staking’ using Ledger Live.
- Each wrapped bitcoin is backed by a normal bitcoin, so the price of WBTC can be pegged to the price of Bitcoin.
- This is because there are no credit scores, so there needs to be collateral in case of a default.
- Our information is based on independent research and may differ from what you see from a financial institution or service provider.
Hold the keys to your Wrapped Bitcoin (WBTC) coins in a wallet so secure, no one can access it except for you – not even us. Protect your assets with passcode and biometric security features. Automatically back up all your wallets and restore access with a single custom password. When you want to trade or sell your WBTC, you need to send your funds back to your crypto exchange. You can sell your WBTC for USD as a limit or market order, and transfer your money back to your bank once your order is filled. Argent is a great option because its wallet lets you interact directly with DeFi protocols on Ethereum’s blockchain.
Huobi Global
This way, you can stake the funds in your wallet using Compound, Uniswap or other DeFi protocols and earn interest on your cryptocurrency tokens. Keepkey also shows you a one-time recovery phrase when booting up your wallet. You can use this recovery phrase to gain access to your cryptocurrency if the hardware wallet is physically lost or stolen.
Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds. Uphold, the Home for Altcoins, is a global, multi-asset digital trading platform offering low fees, high security, and maximum transparency. Binance is one of the largest and most well-known cryptocurrency exchanges in the world. Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents. Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.
Buy Wrapped Bitcoin (WBTC) instantly.
The closer the bar is to 100%, the closer WBTC is to reaching its ATH again. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy Wrapped Bitcoin. The DAO currently has 16 members, mostly consisting of DeFi based companies that develop on Ethereum’s blockchain. By using a DAO, these members, such as Kyber Network, Compound, MakerDAO and Bitgo, can vote on proposals to upgrade the WBTC network. Here are the different payment methods you can choose to buy WBTC on Uphold. Daniel is a big proponent of how blockchain will eventually disrupt big finance.
Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. The only people you can trust for storing your crypto assets is yourself.
If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important. Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency. Our hardware wallets are compatible with more than 1800 different assets, including Wrapped Bitcoin. From humble beginnings, Kraken now offers over 200 digital assets including Wrapped Bitcoin (wBTC). For more sophisticated investors Kraken also offers futures and margin trading. We list the top 6 exchanges that offer the ability to buy Wrapped Bitcoin (wBTC) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Wrapped Bitcoin (WBTC) is in the top 1,000 cryptocurrencies by market cap, valued at $4,773,151,354. Some investors used WBTC to transact bitcoin faster and cheaper than on Bitcoin’s network. However, with transaction volumes significantly increasing, Ethereum transactions are more costly than Bitcoin transactions. Hopefully, transaction prices on Ethereum will fall later this year, with the Eth2.0 upgrade set to launch. Using WBTC also gives you the option to take out cryptocurrency loans without needing a credit score.
Buy, sell, trade, and use WBTC and other cryptocurrencies in one safe and simple, but powerful app. The easiest way to buy WBTC is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature. If you aren’t looking to interact with Ethereum’s blockchain, it’s better to just buy Bitcoin since it’s more widely available and easier to transact. But keep in mind, WBTC opens up many new financial derivatives for crypto investors to take advantage of. If you want to exchange your WBTC for Ethereum or any other ERC-20 token, you can use a decentralized exchange to do so.