What is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin is a token on Ethereum that is backed one-to-one by Bitcoin. After the introduction of DeFi on the Ethereum blockchain, Wrapped Bitcoin (WBTC) was created to let crypto users provide liquidity for Bitcoin on Ethereum and use Bitcoin in different decentralized applications. The total market value of WBTC is $11 billion in 2022.
How Wrapped Bitcoin (WBTC) Works
When a merchant wants to have new WBTC tokens in exchange for BTC, he calls on the Wrapped Bitcoin smart contract and sends his BTC to a custodian. The custodian then triggers the smart contract to mint new WBTC and send it to the merchant. When the merchant wants his BTC back, he submits his WBTC to the custodian and gets his BTC. That WBTC is then burned.
How Many Wrapped Bitcoin (WBTC) Tokens Are in Circulation?
WBTC only has a circulating supply, which is 176,348 at the moment.
How to Buy Wrapped Bitcoin (WBTC)
Consider investing in Wrapped Bitcoin (WBTC)? It only takes 2 minutes to create an account on Bitget and start trading WBTC.
Check out the available WBTC trading pairs on Bitget!
Spot market
Wrapped Bitcoin (WBTC) Resources
Simple 3-step guide to buying WBTC today in Kazakhstan
Create your free Bitget account
Select a funding method
Complete your Wrapped Bitcoin purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Wrapped Bitcoin using a payment method of your choice:
Buy Wrapped Bitcoin with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Wrapped Bitcoin order.How to buy crypto with credit/debit cardBuy Wrapped Bitcoin with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Wrapped Bitcoin is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Wrapped Bitcoin order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Wrapped Bitcoin order.Buy Wrapped Bitcoin with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Wrapped Bitcoin order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Wrapped Bitcoin in your Bitget spot wallet

Bitget—where the world trades Wrapped Bitcoin
How to buy Wrapped Bitcoin for free
- Learn how to earn Wrapped Bitcoin for free through the Learn2Earn promotion
- Earn free Wrapped Bitcoin by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Wrapped Bitcoin airdrops by joining On-going challenges and promotions

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FAQ
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The Republic of Kazakhstan is a country that is located in both Asia and Europe. It is the largest landlocked country that neighbors Russia, China, Kyrgyzstan, Uzbekistan, Turkmenistan, and the Caspian Sea. The country spans over an area of 2,724,900 km2 that is populated by 19,398,331 people. The capital of Kazakhstan is Astana (also known as Nur-Sultan) and the official languages are Kazakh and Russian.
The large size of Kazakhstan means that the country has diverse landscapes. From the Caspian Sea in the west to the Altay Mountains in the east, and from the plains of Siberia in the north to the deserts in the south, Kazakhstan seems to have it all. The country offers rich culture and various sceneries that can satisfy any wanderlust souls. Baiterek Tower, Medeu ice arena, Mausoleum of Khoja Ahmed Yasawi, Zenkov's Cathedral, and Kolsai lakes National Natural Park are some popular spots in the country. Whether you are in Almaty, Astana, Shymkent, or Aktobe, you can use the official currency of Kazakhstan, Tenge (KZT), to invest in Wrapped Bitcoin(WBTC) in an instance with Bitget. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.