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What is Wrapped Bitcoin?
WBTC stands for Wrapped Bitcoin and is simply an ERC-20 token that represents Bitcoin. One WBTC equals one BTC. One BTC can be converted into WBTC and vice versa. The ERC20 token makes WBTC transfers faster than regular bitcoin, but the key advantage of WBTC is its integration into the world of Ethereum wallets, decentralized applications and smart contracts.
Wrapped Bitcoin was launched on the Ethereum core network in January 2019. Wrapped Bitcoin was introduced to the world as a joint project between major players in the DeFi ecosystem such as BitGo, Ren, Dharma, Kyber, Compound, MakerDAO and Set Protocol, in an effort to bring more liquidity to the Ethereum network by dipping into bitcoin. The project is currently controlled by a decentralized autonomous organization (DAO) called the WBTC DAO.
How to use Wrapped Bitcoin (WBTC)
A long-term investment in WBTC with the expectation of it increasing in value. You can safely store your WBTC in Guarda Wallet.
Exchange Wrapped Bitcoin
Instantly exchange Wrapped Bitcoin with the best WBTC exchange rates. We offer many trading pairs for Wrapped Bitcoin trading through our exchange partners.
Send Wrapped Bitcoin
Guarda allows you to easily buy Wrapped Bitcoin online and send it to anyone and anywhere with their Wrapped Bitcoin address.
WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs)
Receive Wrapped Bitcoin
Receive Wrapped Bitcoin from anyone instanteniously through your web browser, mobile phone or desktop app.
Learn more about Wrapped Bitcoin
You can read more detailed articles about Wrapped Bitcoin and blockchain as a whole in our Academy.
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