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 Ethereum compatibility.
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 value could be put to use in DeFi apps.
A common DeFi use for WBTC is trading on Ethereum-based platforms.
How to buy Wrapped Bitcoin in Singapore
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 by FAST bank transfer, debit card, Apple Pay, Google Pay or 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 holds 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. Wrapped Bitcoin can be bought in fractional amounts, with the minimum depending on your payment method: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by debit card, and SGD 50 by FAST bank transfer.
SGD deposits by FAST bank transfer are free on Crypto.com, while USD can be deposited by Swift transfer. Other transaction fees and spread may apply.
Payment options and One-Time order limits can vary by account status, so do check the details shown in the App before confirming.




