Buying any cryptocurrency tokens such as Wrapped Bitcoin can seem like a daunting task, especially if you are a beginner. But worry not! We are here to help you get started in a simple way.
If you are investing in WBTC and are unsure of which crypto exchange to choose, you can start by checking out the most liquid trading pairs available. That's why we have narrowed it down on a list of the most liquid exchanges and their trading pairs, and some exchange options if you're worried about availability in your region.
Once you select a trading pair, you can create an account on your preferred exchange in order to be able to buy Wrapped Bitcoin. If you're just getting started in the cryptocurrency world and are unfamiliar with how trading and exchanges work, we suggest you take the time to read news and information about them, so you can make the best decision for yourself.
Here is a list of the top 3 liquid exchanges to buy Wrapped Bitcoin (WBTC) on:
Unfortunately, none of these are available for US traders, that's why we've made a list down below with some options for investors in the USA as well as those in the EU, UK and Asia.
List of Recommended Top Exchanges for US Residents
List of Recommended Top Exchanges for EU/UK Residents
List of Recommended Top Exchanges for Asian Residents
Wrapped Bitcoin is one of many ERC-20 tokens, meaning it was created on the Ethereum blockchain, to allow users to participate and interact with Ethereum's decentralized finance ecosystem and its popular dApps, wallets and smart contracts. It is also backed one-to-one by Bitcoin, so its price will always equal one BTC, a process that is verified through a proof of reserve system.
Wrapped BTC was created to give liquidity to Bitcoin in the DeFi ecosystem and to facilitate the process of writing smart contracts on the Ethereum blockchain integrating Bitcoin transfers.
Since Wrapped Bitcoin is a cryptocurrency so closely related to Bitcoin, Ethereum and other ERC-20 tokens, you might be interested in comparing its price vs said currencies before you buy, which you can easily do with our Crypto Compare tool here.
Whether you choose to buy Bitcoin, Ethereum or any other cryptocurrency tokens in the market such as Wrapped Bitcoin, you'll need a secure space to hold your data, make transactions and interact with the blockchain. That's what a cryptocurrency wallet is for. There are four main types of wallets: hardware wallets, software wallets, mobile apps and web wallets.
Here is Exwhere’s overview of the top-recommended wallets to store your Wrapped Bitcoin (WBTC) on: