How to buy Wrapped Bitcoin | Buy WBTC in Four easy steps | KoinX

how to buy wrapped bitcoin
Our step-by-step guide on how to buy Wrapped Bitcoin(WBTC)

WBTC or Wrapped Bitcoin is an Eth ERC-20 token that represents bitcoin, where one WBTC equals one BTC. A wrapped bitcoin can be converted into bitcoin, and vice versa. What makes it different from BTC is its faster integration into the Eth world and smart contracts. Here is the brief guide on how to buy Wrapped Bitcoin in 4 easy steps at 3+ crypto exchanges. 

How to Buy Wrapped Bitcoin 4 easy steps?

Step 1 – Choose a cryptocurrency exchange and create your account

Step 2 – Create an account with the exchange

Step 3 – Make the purchase. Add the payment method and start your trade

Step 4 – Select WBTC OR Wrapped Bitcoin from the list of Assets and Buy

Step 1 - Choose a cryptocurrency exchange and create your account

The first step starts with choosing the right cryptocurrency exchange platform that can yield you high returns. You can simply do a little research or check our latest blog on the top ten cryptocurrency exchange platforms as of 2022.

Step 2 - Create an account with the exchange

Sign up and start the registration process with the exchange. ID verification time varies from platform to platform.

Step 3 - Make the purchase. Add the payment method and start your trade

Connect with the payment method and select the buy and sell option that varies from exchange to exchange.

Step 4 - Select WBTC OR Wrapped Bitcoin from the list of Assets and Buy

Every trading platform has a list of assets, so you have to choose Wrapped Bitcoin from the list. Finalize your purchase after confirming the details.

Popular Video Guides on Buying Wrapped Bitcoin(WBTC)

Where to buy Wrapped Bitcoin (WBTC)?

1. Kraken
kraken crypto exchange

With low fees and strong security, Kraken can be your ideal choice to buy Wrapped Bitcoin. Kraken's low fees and comprehensive security safeguards make it an excellent platform for high- or low-volume customers who don't mind the extra transaction procedures.

Header 1Header 1
Operational Since2011
Deposit MethodsVisa and Mastercard debit/credit card, Digital wallet purchases, ACH online banking
Deposit FeesNone
Cryptos ListedBitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Polkadot, Polygon, Ripple
Trading Fees0.25% per trade
Fiat Currencies Supported150+ coins
2. Coinbase
coinbase crypto exchange

Coinbase is the second largest cryptocurrency exchange after Binance featuring more than 50 cryptocurrencies listed on it. It has a minimum deposit fee and allows you to easily buy Wrapped Bitcoin in a few clicks only.

Header 1Header 1
Operational SinceJune, 2012
Deposit MethodsPayPal, Debit/Credit Cards, Wire Transfers, Apple/Google Pay
Deposit Fees0
Cryptos Listed170
Trading Fees1%
Fiat Currencies SupportedEUR, USD, GBR
3. Bitfinex
bitfinex crypto exchange

Bitfinex is said to ensure a fair trading system, and the exchange also has three types of wallets. It has low trading costs and provides extensive support for you to buy Wrapped Bitcoin.

Header 1Header 1
Operational SinceDecember, 2012
Deposit MethodsCredit/Debit Card, Bank Transfer, Cryptocurrency, or Tether Tokens
Deposit FeesNone
Cryptos ListedBTC, LEO, USDT, XAUT, and others
Trading Fees0.20% or less
Fiat Currencies Supported170+ coins

Already Holding Wrapped Bitcoin?


Calculate your Profits

Calculate your tax liability

Frequently Asked Questions

Where can you buy WBTC with a credit or debit card?

You can buy Wrapped Bitcoin at all the crypto exchanges mentioned above. Bitpay and NEXO are some other examples of trading platforms where you can buy WBTC with your cards.

What will you need to buy WBTC?

To buy WBTC, you will need to create an account on any one of the Crypto exchanges like Bitfinex or Coinbase, and then select the right wallet.

What is the easiest way to buy WBTC?

With the right trading platforms, you can easily buy WBTC with low fees and high security. 

  1. Create a free account on any trading platform’s website or application. 
  2. Choose the available payment mode in your country to buy the Wrapped Bitcoin Asset. 
  3. Purchase the crypto at the current price and check your order amount. 
  4. You can now store your crypto in a wallet or on the trading platform itself.
Best wallets to store your WBTC

Best wallets to store WBTC are Eidoo, Coinbank, Coinbase Wallet and Green Address

  1. Mobile Wallets- Eidoo, Green Address, Coinbank.
  2. Online Wallets- Green Address, Coin Corner, Coinbase Wallet.
  3. Paper Wallets- printed-out private and public keys.

More Cryptos Similar to Wrapped Bitcoin

Related articles to Wrapped Bitcoin


More crypto buying guides

Stay up to date with latest crypto news and events. Subscribe to our newsletter