Introduction to Wrapped Bitcoin (WBTC)
Wrapped Bitcoin (WBTC) is an ERC-20 token pegged 1:1 with Bitcoin (BTC), enabling Bitcoin holders to interact with Ethereum’s decentralized applications (dApps). Each WBTC is backed by an equivalent amount of BTC held in reserve by custodians, ensuring full redeemability.
Key Features of WBTC:
- Ethereum Compatibility: Functions as an ERC-20 token.
- 1:1 Peg: Each WBTC represents one BTC.
- Liquidity Boost: Enhances DeFi interoperability.
WBTC Price Overview (July 2025)
| Timeframe | Price ($) | Change (%) |
|---|---|---|
| Today | 108,735.00 | -0.78% |
| 24 Hours Ago | 109,588.71 | -0.78% |
| 1 Week Ago | 106,828.64 | +1.78% |
| 1 Month Ago | 105,498.85 | +3.07% |
| 1 Year Ago | 58,574.43 | +85.64% |
Contract Address: 0x2260...c2c599 (Click to copy WBTC contract address)
👉 Explore WBTC trading strategies
Why Use WBTC?
Bridging Bitcoin and Ethereum
- Interoperability: WBTC allows BTC holders to leverage Ethereum’s smart contracts and DeFi protocols.
- Liquidity: WBTC is widely accepted in decentralized exchanges (DEXs) like Uniswap.
Use Cases:
- Trading: Swap WBTC for other ERC-20 tokens.
- Staking: Earn yields in DeFi platforms.
- Collateral: Use WBTC in lending protocols like Aave.
How to Buy WBTC in MetaMask
Steps:
- Open MetaMask and select "Buy."
- Choose WBTC and your payment method (credit card, PayPal, etc.).
- Confirm the transaction.
Benefits:
- No centralized exchanges needed.
- Low fees with cross-chain swaps.
WBTC Market Stats
- 24h Volume: $215.75M
- Circulating Supply: 128.85K WBTC
- Market Cap: $14.01B
- All-Time High: $111,685.00
- All-Time Low: $3,139.17
Selling and Swapping WBTC
Selling WBTC:
Convert WBTC to cash via MetaMask with options like:
- Bank transfers
- Debit cards
- PayPal
Swapping WBTC:
Use MetaMask Swaps to exchange WBTC for other tokens efficiently. Gas fees are included in quotes.
👉 Master WBTC swaps with MetaMask
WBTC Bridging Across Chains
MetaMask simplifies cross-chain transfers:
- Aggregator Efficiency: Finds optimal routes for low-cost transfers.
- Combined Actions: Bridge and swap tokens in one transaction.
FAQs About WBTC
1. What is the difference between BTC and WBTC?
- BTC: Native Bitcoin blockchain asset.
- WBTC: Ethereum-compatible token backed 1:1 by BTC.
2. How is WBTC created?
1 BTC is locked with a custodian, minting 1 WBTC on Ethereum.
3. Is WBTC safe?
Yes, audited custodians hold reserves, ensuring redeemability.
4. Can I stake WBTC?
Yes, through DeFi platforms offering WBTC staking pools.
5. What networks support WBTC?
Ethereum, Solana, Arbitrum, and more.
6. How do I unwrap WBTC?
Redeem WBTC for BTC via authorized custodians.
Conclusion
WBTC merges Bitcoin’s value with Ethereum’s versatility, unlocking DeFi opportunities. With MetaMask, buying, swapping, and bridging WBTC is seamless.