Access DeFi Opportunities on Solana and Ethereum With Your BTC

Engage with decentralised applications on the two networks by wrapping BTC to 21BTC

We are thrilled to announce that 21.co Wrapped Bitcoin (21BTC) has arrived in the Crypto.com App and Crypto.com Exchange — the first launch of our strategic partnership with 21.co. 

21BTC enhances the interoperability of BTC by allowing holders to participate in decentralised finance on the Ethereum and Solana networks. It functions like an ERC-20 or SLP token and can be used to engage with decentralised applications (dapps) for swapping, collateralised lending, yield farming, and more.

21BTC is backed 1:1 by native BTC held in secure cold storage by 21.co, one of the world’s largest issuers of crypto exchange-traded products (ETPs).

Why wrap BTC to 21BTC?

Wrapping your BTC to 21BTC enables you to maximise the value of your BTC holdings:

• Access DeFi Opportunities: 21BTC is a solution to Bitcoin’s lack of interoperability with other blockchains, as it can be utilised on Ethereum and Solana
• Faster Transactions and Lower Fees: Enjoy potentially faster speeds and lower fees compared to Bitcoin network transactions thanks to Ethereum and Solana’s shorter block times
• Maximise BTC’s Value: 21BTC lets you benefit from your BTC’s store of value and tap into rewarding dapp offerings at the same time
• Seamless Wrapping and Unwrapping: Simply withdraw BTC from the Crypto.com App to wrap and deposit 21BTC into the App to unwrap
• Secure and Trusted: Underlying BTC is held in 21.co’s audited custody solution and is set to always exceed 21BTC’s supply

How to Wrap BTC to 21BTC in the Crypto.com App

1. From the Crypto.com App home screen, tap Accounts > Crypto > BTC > Transfer > Withdraw
2. Select External Wallet or Crypto.com Onchain
   1. For an External Wallet: Select an Ethereum or Solana wallet, or tap + on the top-right corner of the screen to whitelist one
3. Enter the withdrawal amount and confirm the transaction. Your BTC will be converted to 21BTC automatically and sent to the receiving wallet address. 

How to Wrap BTC to 21BTC on the Crypto.com Exchange

1. From the Crypto.com Exchange home page, click Wallet > Withdraw BTC
2. Select an External Wallet that supports either Ethereum or Solana
3. Enter the withdrawal amount and confirm the transaction. Your BTC will be converted to 21BTC automatically and sent to the receiving wallet address.

Transaction processing time and fees are determined by the underlying blockchain network on which 21BTC is wrapped. 21BTC is currently available in select jurisdictions. Visit the FAQ for details.