Wrapped Bitcoin Cryptocurrency, also known as WBTC, is a digital currency powered by Bitcoin. In short, WBTC is a tokenized version of Bitcoin that can be used on various blockchain networks to take advantage of the capabilities of these systems. Wrapped Bitcoin was launched in January 2019 as a collaboration between BitGo, the Kyber Network, and the Republic Protocol. WBTC aims to allow users to harness the power of Ethereum (The blockchain network that issued it) while maintaining the stability and value of Bitcoin.
To create WBTC, the process of depositing bitcoins to a specific address is followed. A corresponding amount of WBTC is then issued on the Ethereum network. The process is controlled by a group of depositories that hold the deposited bitcoins and issue the corresponding amount of WBTC.
Receive Wrapped Bitcoin
At Ccoins we have expanded our Cryptocurrency offer, which is why you can now have access to the most important currencies within the Crypto ecosystem, such as Wrapped Bitcoin (WBTC). If you are a Ccoins user you can receive and store your WBTC in your multi Crypto Ccoins wallet.
Send Wrapped Bitcoin
If at any time you have WBTC in your multi Crypto Ccoins wallet you can send them to other wallets, the shipments can be executed in two ways, internally (to other Ccoins users), or externally (External wallets).
Acquire Wrapped Bitcoin with Flip Ccoins
If at any time you want to obtain Wrapped Bitcoin coins quickly and safely, the Ccoins Flip is the best option, now through the Flip you can acquire your first Wrapped Bitcoin coins through a quick Cryptocurrency conversion.
Convert Wrapped Bitcoin with Flip
If you have a balance in WBTC coins in your Ccoins wallet and you want to have another Cryptocurrency from our catalog, don’t worry, now in Ccoins you can convert your WBTC balance into another Cryptocurrency quickly and safely through an almost instantaneous conversion process called Flip.
Only in Ccoins, Buy and Sell your Cryptocurrencies at the best price through hundreds of offers in our P2P market or convert them to any of our 30 available cryptocurrencies.
Ccoins is the fastest and safest platform to trade crypto assets
Of course yes, today it is very common to see both physical and online stores that receive Cryptocurrencies as a form of payment, and WBTC is no exception since it is a very popular currency within the Crypto ecosystem.
This is because the Wrapped Bitcoin project has created or developed some features that have had a great impact within the Crypto ecosystem.
Wrapped Bitcoin is considered a Token, since it does not have its own blockchain network, therefore it requires the use of other blockchains to operate.