Ethereum

Wrapped Bitcoin

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-to-buy-wrapped-btc-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">How to Buy Wrapped BTC Coin?</a><br></p>
<p>Wrapped <a href="https://en.coin-turk.com/bitcoin-etfs-approach-50-billion-in-total-trading-volume/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, or WBTC, is a tokenized version of Bitcoin (BTC) operating on the Ethereum blockchain.</p>
<h2 style="text-align: justify" id="what-is-wrapped-btc-wbtc">What is Wrapped BTC (WBTC)?</h2>
<p style="text-align: justify">WBTC is compatible with Ethereum’s core compatibility standard, ERC-20. It fully integrates into the ecosystem of decentralized exchanges, crypto lending services, prediction markets, and other decentralized finance (<a href="https://en.coin-turk.com/aave-launches-stablecoin-gho-on-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>) applications that support ERC-20.</p>
<p style="text-align: justify">WBTC is also backed by Bitcoin at a 1:1 ratio through a network of custodians and automated tracking, which ensures its price is always pegged to Bitcoin. This allows users to transfer liquidity between the BTC and ETH networks in a decentralized manner.</p>
<p style="text-align: justify">Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.</p>
<p style="text-align: justify">As the oldest and largest cryptocurrency in the market, Bitcoin has a substantial user base and a liquidity pool worth several billion dollars. However, its blockchain functionality is relatively simple by modern standards.</p>
<p style="text-align: justify">Unlike Bitcoin, Ethereum was built from scratch to support more advanced use cases using smart contract technology, leading to the emergence of a new industry known as “decentralized finance.”</p>
<p style="text-align: justify">Ethereum and its derivatives offer their users advanced financial tools like lending and insurance without relying on trusted intermediaries.</p>
<p style="text-align: justify">By ‘wrapping’ BTC into the ERC-20 standard, WBTC enables the seamless integration of a Bitcoin-like asset into this advanced decentralized application environment, bringing with it the immense liquidity associated with the BTC market.</p>
<p style="text-align: justify">Furthermore, Wrapped Bitcoin significantly simplifies operations for exchanges, wallets, and payment services running on Ethereum: instead of operating separate nodes for ETH and BTC networks, they can support WBTC transactions using just one Ethereum node.</p>
<h2 style="text-align: justify" id="where-to-buy-wbtc-coin">Where to Buy WBTC Coin?</h2>
<p style="text-align: justify">WBTC Coin can be quickly and securely purchased through the world’s largest cryptocurrency trading platform, <a href="https://accounts.binance.com/en/register?ref=QBIBRK4D" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>.</p>
<p style="text-align: justify">To buy WBTC Coin, you must first register with <a href="https://en.coin-turk.com/binance-announces-unwavering-support-for-upcoming-zilliqa-and-sei-network-upgrades/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and then send fiat currency such as US dollars. After that, you can perform the purchase operation on the Bitcoin (BTC) and Ethereum (ETH) WBTC trading pair.</p>
<p style="text-align: justify">In addition, at <a href="https://accounts.binance.com/en/register?ref=QBIBRK4D" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, users can place buy orders not only at market price but also at a lower price. For this, use the Limit tab to enter the amount and price you want to buy at.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-to-buy-wrapped-btc-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">How to Buy Wrapped BTC Coin?</a></h5>

How to Buy Wrapped BTC Coin?

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