Collection: Wrapped Bitcoin

3 products
  • Wrapped Bitcoin Mug
    Wrapped Bitcoin Mug - white
    Regular price
    $15.62 USD
    Sale price
    $15.62 USD
    Regular price
    Unit price
    per 
    Sold out
  • Wrapped Bitcoin Hoodie
    Wrapped Bitcoin Hoodie - white
    Regular price
    $31.49 USD
    Sale price
    $31.49 USD
    Regular price
    Unit price
    per 
    Sold out
  • Wrapped Bitcoin T-Shirt
    Wrapped Bitcoin T-Shirt - white
    Regular price
    $16.18 USD
    Sale price
    $16.18 USD
    Regular price
    Unit price
    per 
    Sold out
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. A key advantage of WBTC is its integration into the world of Ethereum wallets, dapps, and smart contracts.

Through a WBTC partner, 1 Bitcoin can be converted to 1 Wrapped Bitcoin, and vice-versa. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. The BTC that backs WBTC is transparently verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that now consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.