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 São Tomé & Príncipe
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" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect 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 websiteFor 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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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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A volcanic chain with stunning rock and coral formations, rainforests, and beaches is home to the African island nation of São Tomé Príncipe. São Tomé Príncipe has a population of 227,380 and uses the São Tomé Príncipe Dobra as its official currency. Using the Bitget platform's P2P trading and other crypto deposit features, you may purchase Wrapped Bitcoin(WBTC) and other cryptocurrencies in less than 10 minutes.
The official language of São Tomé Príncipe is Portuguese. The Bitget website and app are available in Portuguese.
São Tomé and Príncipe have some beautiful cities such as São Tomé, Santo Amaro, Neves, Santa Cruz, and many others. Wherever you are in São Tomé and Príncipe, you can effectively trade crypto using the Bitget platform.
The country has an equatorial climate with high temperatures, humidity, and rainfall. Because it is mountainous, the south of the main island is wetter than the north. Early June through late September make up the bulk of the dry season. Between the end of December and the beginning of February, there is a second dry season called "Pequenas Gravana." The majority of São Tomé Príncipe's terrain is mountainous. Other substantial amounts of land are covered with rainforests, the majority of which give place to cloud forests at higher altitudes.
After a period of a transitional government, São Tomé and Príncipe achieved independence on 12 July 1975, choosing as the first president the MLSTP Secretary General Manuel Pinto da Costa. São Tomé and Príncipe have some stunning attractions such as Pico Cão Grande, Cascata de São Nicolau, Lagoa Azul, Obo National Park, and Museu Nacional De São Tomé.