What is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin (WBTC) is an Ethereum token designed to represent bitcoin (BTC) one-to-one. Put simply, WBTC lets bitcoin's value move into Ethereum apps that run on smart contracts.
That is the key difference from native BTC: WBTC is built for compatibility with Ethereum.
Why does WBTC exist?
Bitcoin was not originally designed to work with Ethereum smart contracts or decentralised finance (DeFi) protocols. WBTC was created as an Ethereum-compatible token, so bitcoin's value could be put to use in DeFi apps.
Common DeFi uses for WBTC include lending, borrowing and trading on Ethereum-based platforms.
How to buy Wrapped Bitcoin in the UAE
One option is to buy Wrapped Bitcoin in the Crypto.com App. Here is the basic flow:
- Create an account and complete identity verification.
- Add funds with a bank transfer in AED, a SWIFT transfer in USD, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or a crypto transfer.
- Tap 'Buy', search for Wrapped Bitcoin and enter the amount.
- Review the order details and confirm when you are ready.
For One-Time orders in the App, the conversion rate is valid for 15 seconds. If you do not confirm within that time, the rate refreshes.
What payment methods and minimums apply when buying Wrapped Bitcoin?
You do not need to buy a whole WBTC. In the UAE, you can buy Wrapped Bitcoin in fractional amounts from 10 AED.
AED deposited via bank transfer is free on Crypto.com, as is a USD deposit via SWIFT transfer. Other transaction fees and spread may apply.
Payment options and One-Time order limits can vary by jurisdiction and account status, so check the details shown in the App before you confirm.




