What is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin (WBTC) is a tokenized version of bitcoin (BTC) that brings BTC value into decentralized finance (DeFi) applications. WBTC is an ERC-20 token, a common Ethereum token format, and is backed 1:1 by bitcoin reserves.
That design helps BTC value work in Ethereum apps, including lending, borrowing and decentralized exchanges. WBTC is not the same as holding native BTC: It relies on custodians and reserve management, which adds custody and counterparty risk.
How can you buy WBTC in the Crypto.com App?
In the Crypto.com App, the basic flow is:
- Download the Crypto.com App and sign up.
- Complete identity verification.
- Top up your account.
- Go to the trading screen, select Wrapped Bitcoin and complete your purchase.
The minimum amount required to buy Wrapped Bitcoin on Crypto.com is US$1. That means you can buy a small fraction of WBTC rather than a whole token.
Which payment methods can you use to buy WBTC?
You can fund your account with a bank transfer, including Automated Clearing House (ACH) or wire transfer, debit or credit card, Apple Pay, Google Pay, PayPal or a crypto transfer from another wallet.
Before confirming, check that the payment method, amount and asset match what you intend to buy.
How is buying and holding WBTC different from day trading it?
Buying and holding WBTC usually means taking a longer-term position, with less focus on short-term price moves.
Day trading means buying and selling over short timeframes, often within the same day, to try to profit from price volatility. It takes more time, skill and active risk management because outcomes depend heavily on timing and market swings.
Either way, WBTC remains a wrapped asset rather than native BTC, so its custody and counterparty risks still matter.