Buy Wrapped Bitcoin with a credit card
You can buy WBTC for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Wrapped Bitcoin price dynamics and history, get some answers to your questions, and find some useful links to read more about what is WBTC.
Wrapped Bitcoin live price chart
WBTC price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
The analysis of the Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on the Ethereum blockchain, launched in January 2019 by BitGo, Kyber Network, and Ren. WBTC bridges Bitcoin's liquidity with Ethereum's smart contract capabilities. Its purpose is to bring Bitcoin's value into the DeFi space, enabling users to trade, lend, or use Bitcoin in Ethereum-based applications while maintaining a 1:1 Bitcoin backing.
Key features include:
- Fully backed by Bitcoin reserves.
- Auditable and transparent processes.
- Seamless integration with Ethereum's DeFi protocols.
- High liquidity, facilitating DeFi transactions.
WBTC has a circulating supply tied to its Bitcoin reserves, ensuring parity with Bitcoin's value.
The average fees on the WBTC Network
WBTC transactions incur Ethereum gas fees, typically ranging from $5 to $25, depending on network activity. The exact cost is influenced by the current WBTC price in USD and Ethereum's gas dynamics. For example, with a WBTC price of $34,000, a $10 gas fee would equate to 0.00029 WBTC. These fees are crucial for network operation and vary based on congestion.
The WBTC token wallets
- MetaMask: A popular Ethereum wallet for managing WBTC with secure private key storage.
- Trust Wallet: A mobile wallet offering user-friendly features and WBTC support.
- Ledger Nano X: A hardware wallet ensuring cold storage for enhanced security.
- Coinbase Wallet: A versatile wallet for WBTC storage and DeFi interactions.
- MyEtherWallet (MEW): A browser-based option for managing WBTC with ease.
Where to buy Wrapped Bitcoin
You can buy WBTC on multiple cryptocurrency exchanges supporting Ethereum-based tokens. The cheapest way to buy Wrapped Bitcoin is on SwapSpace, where you can access competitive rates and user-friendly services for purchasing WBTC.
How to buy WBTC
- Visit SwapSpace and select WBTC as your desired asset.
- Enter the amount of WBTC to buy and provide your wallet address.
- Choose your payment method, such as a credit card.
- Confirm the transaction details and complete payment.
- Receive WBTC instantly in your wallet.
What can I do with Wrapped Bitcoin after purchase?
- Trade WBTC on decentralized exchanges to leverage liquidity.
- Stake WBTC in DeFi protocols for earning rewards.
- Use WBTC as collateral in Ethereum-based lending platforms.
- Participate in yield farming to optimize returns.
- Transfer WBTC globally as a secure digital asset.
You can buy WBTC right here on SwapSpace — look below to find an instruction on how to buy Wrapped Bitcoin.
How to buy WBTC on SwapSpace
On this page, we put USD in the “You send” and WBTC in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Wrapped Bitcoin address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
