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Buyer's Guide

How to Buy Wrapped Bitcoin (wBTC)

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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 3 brokers that offer the ability to buy Wrapped Bitcoin (wBTC) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

Binance

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

This exchange is best for Australia, Canada, Singapore, UK & international users. USA residents are prohibited from buying wBTC.

Read our Binance Review or visit Binance.

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

KuCoin

KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.

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

This is our most recommended exchange for USA residents.

Read our KuCoin Review or visit KuCoin.

Huobi

Huobi Global was established in 2013, they’ve 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 world. It should be noted that they do not accept USA residents.

They are one of the top exchanges that currently offers Wrapped Bitcoin (wBTC) trading opportunities.

Read our Huobi Global Review or visit Huobi Global

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

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