6 ‘Best’ Exchanges to Buy Wrapped Bitcoin wBTC (March 2023)

WBTC is a new innovation that effectively brings BTC to the Ethereum blockchain. This unique financial instrument provides traders, institutions, and Dapps a bridge to the Ethereum network while maintaining exposure to Bitcoin. The goal is to bring Bitcoin’s price value into play and combine it with Ethereum’s programmability.

Each wBTC is an ERC-20 token that represents Bitcoin (BTC) on a 1:1 basis. Notably, you can convert any Bitcoin over to wBTC using various networks available to the public today. You can also convert your wBTC back into traditional BTC whenever you desire. This flexibility allows users to effortlessly bounce between wBTC and BTC to suit their investment strategy.

To learn more visit our Investing in Wrapped Bitcoin guide.

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).

1. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

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.

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.

Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)

Read our Kraken Review or visit Kraken.

2. Uphold

A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Wrapped Bitcoin (wBTC). 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.

Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.

Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.

Germany & Netherland residents are prohibited.

For the full lowdown, see our Uphold review or visit Uphold to get started now.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

3. Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Wrapped Bitcoin (wBTC) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.

This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally.  USA residents are prohibited from purchasing Wrapped Bitcoin (wBTC).

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

4. KuCoin

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.

KuCoin currently offers Wrapped Bitcoin (wBTC) cryptocurrency trading as well as over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.

This exchange currently accepts USA residents.

Read our KuCoin Review or visit KuCoin.

5. Bitstamp

Founded in 2011, Bitstamp is one of the oldest & most trusted exchanges in the world and are a popular choice in the USA. The exchange now has more than 4 million users worldwide and offers a wide range of cryptocurrencies to choose from including Wrapped Bitcoin (wBTC).

A highly experienced exchange, Bitstamp provides a thorough and user-friendly trading environment that is secure and with enough choice to satisfy most traders. The global nature of the company and the trusted regulation and licensing put in place is also a positive aspect for many new or experienced users.

They currently accept Canada, UK & USA residents excluding the states of Alabama, Hawaii, Idaho, Louisiana, Nevada, & New Jersey.

Read our Bitstamp Review or visit Bitstamp.

6. Huobi Global

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.

Huobi Global is one of the top exchanges that currently offers Wrapped Bitcoin (wBTC) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.