About Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is an ERC-20 token on Ethereum that represents Bitcoin held in reserve by approved custodians. Each WBTC unit is designed to track the price of BTC while living inside the Ethereum wallet and DeFi ecosystem. It lets holders access Bitcoin market exposure without leaving Ethereum's composable finance layer.
Track BTC price while staying inside the Ethereum DeFi ecosystem.
Use WBTC in wallets and protocols built for Ethereum tokens.
Each WBTC is backed by custodied Bitcoin held in reserve.
Trade, lend, or collateralize Bitcoin exposure without leaving Ethereum.
Popular ways to swap WBTC on Ethereum
Receive WBTC on Ethereum or swap it to Bitcoin, stablecoins, ETH, and other supported assets across networks.
Receive WBTC
Swap from WBTC
What can you do with WBTC on Ethereum?
WBTC brings Bitcoin price exposure into your Ethereum wallet and DeFi apps.
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Track BTC price
Hold Bitcoin price in an Ethereum wallet without managing a separate Bitcoin setup.
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Use in DeFi
Lend, borrow, or earn yield with WBTC across Ethereum apps that accept it.
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Trade major assets
Swap WBTC for ETH, stablecoins, and other tokens on Ethereum exchanges.
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Borrow against BTC
Use WBTC as collateral to borrow stablecoins without selling your Bitcoin exposure.
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Move from native BTC
Convert native Bitcoin into WBTC when you want to use it inside Ethereum apps.
Ready for WBTC on Ethereum?
Swap from native BTC, ETH, USDC, and more. See the WBTC amount you receive and the estimated settlement time before you deposit.
Frequently asked questions about Wrapped Bitcoin
What is WBTC?
WBTC, or Wrapped Bitcoin, is an ERC-20 token on Ethereum that represents Bitcoin held in reserve. It is designed to track BTC price while being usable across Ethereum DeFi.
How is WBTC related to native Bitcoin?
Native BTC lives on the Bitcoin network. WBTC is a tokenized representation of that value on Ethereum. Approved merchants mint WBTC when Bitcoin is deposited with custodians and burn it when BTC is redeemed.
Is WBTC the same as holding BTC in a Bitcoin wallet?
Not exactly. WBTC gives you BTC price exposure and Ethereum programmability, but settlement happens on Ethereum. Native BTC remains the asset on the Bitcoin chain itself.
Who backs WBTC reserves?
WBTC supply is tied to Bitcoin held by approved custodians. Minting and burning events are recorded onchain, providing transparency around how token supply maps to BTC reserves.
Can I swap BTC directly to WBTC on Ethereum?
Yes. Cross-chain routes support conversion from native Bitcoin to WBTC on Ethereum. You receive a quote, send BTC from your wallet, and settle to WBTC without managing a separate bridge interface.
Which wallets support WBTC?
Any Ethereum wallet that supports ERC-20 tokens can hold WBTC, including MetaMask, Rabby, Coinbase Wallet, Ledger, and other EVM-compatible options.
Can I use WBTC in DeFi protocols?
Yes. WBTC is widely accepted as collateral and liquidity on Ethereum lending platforms, DEXs, and yield strategies that list ERC-20 assets.
How do I redeem WBTC for native Bitcoin?
Approved merchants burn WBTC and release custodied BTC. Most holders trade or deploy WBTC in DeFi rather than redeeming directly.