Buy & Swap Wrapped BTC (Ethereum) (WBTC)

$102,845.00+2.40% (24h)ETH network

Wrapped BTC (Ethereum) (WBTC) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live WBTC rates from every connected provider and receive funds in your own wallet in minutes.

Swap WBTC instantly — no KYC

WBTC / USD — 24H chart

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Live market data · extended history unavailable for this asset

24h2.40%

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Wrapped BTC (Ethereum) statistics

Market cap$12B

Fully diluted market cap—

24h volume$300M

Circulating supply160.00K WBTC

Max supply∞

Total supply—

All-time high$109,000.00

Market dominance—

Rank—

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Non-custodial

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About Wrapped BTC (Ethereum) (WBTC)

Crypto token

Wrapped BTC (Ethereum) (WBTC) is a crypto token on the ETH network. It powers its project's ecosystem — used for things like access, governance, fees, or rewards — and trades freely against other digital assets.

How does WBTC work?

Wrapped BTC (Ethereum) runs as a token on the ETH network, which means it benefits from that chain's security and tooling while serving the specific role its project defines — for example governance votes, platform fees, staking, or in-app utility.

What is WBTC used for?

Holders use WBTC to participate in the Wrapped BTC (Ethereum) ecosystem and to gain exposure to the project's growth. As with any token, its value is tied to real usage and demand for what the project offers.

How to buy or swap WBTC on SwapRocket

Pick WBTC as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

Wrapped BTC (Ethereum) (WBTC) swap profile

This profile explains how Wrapped BTC (Ethereum) swaps work on SwapRocket: the network WBTC settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

WBTC key facts

Ticker: WBTC
Settlement network: ETH
Category: Crypto token
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 0 published WBTC pairs

How a WBTC swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send WBTC to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for WBTC

Three offers are presented for every WBTC exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for WBTC

Wrapped BTC (Ethereum) settles on ETH. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

What is WBTC? · Sourced guide · Updated 2026-09-23 · 10 sources cited

How does a token on Ethereum let someone use bitcoin's value in Ethereum applications without moving bitcoin itself onto that chain?

WBTC is an ERC-20 token designed to represent bitcoin held in custody, so that Ethereum smart contracts can reference bitcoin's value without bitcoin's own network processing the transaction. The token was introduced in January 2019 by BitGo, Kyber Network and Ren, through a structure that separates who holds the underlying bitcoin from who approves new tokens and from who actually uses the token. That division is what makes WBTC useful inside Ethereum applications, and it is also the part a holder has to trust rather than verify directly on-chain.

A merchant-and-custodian model, not a bridge contract

WBTC does not move bitcoin across a technical bridge. It uses a merchant and custodian arrangement: a merchant completes the user-facing checks and requests that new WBTC be minted, while the custody structure receives the corresponding bitcoin before equivalent WBTC is issued on Ethereum. Burning reverses the process, with WBTC destroyed before bitcoin is released. The mechanism was set out in the project's original documentation and remains described in its operating guide.

Governance of who can act as a merchant, and of protocol changes, sits with WBTC DAO members rather than with a single company acting alone. Members vote on adding or removing merchants and custodians under published DAO rules. This makes WBTC a coordinated multi-party system layered on top of two separate ledgers, rather than a protocol that enforces redemption through code that Ethereum itself can verify.^{[1], [2], [3]}

Custody is the part a smart contract cannot see

Once bitcoin is deposited, its safekeeping depends on WBTC's custody operations rather than on Ethereum's consensus rules. Ethereum can enforce that a WBTC token moves correctly between addresses under the ERC-20 standard, but it cannot verify by itself that an equivalent amount of bitcoin still sits in disclosed custody wallets. That link is published separately through a transparency dashboard that lets readers compare circulating WBTC supply with bitcoin reserves.

This is the structural trade a holder accepts: an ERC-20 balance that Ethereum applications can compose with directly, in exchange for reliance on a named custodian's operational and legal safeguards for the underlying asset. The project's public materials describe this custody relationship explicitly, rather than presenting WBTC as a trustless extension of Bitcoin's own security model.^{[4], [5], [6]}

Why Ethereum applications wanted a bitcoin-denominated token at all

Bitcoin's own scripting language does not support the smart-contract functions that Ethereum decentralized finance applications rely on, such as arbitrary lending logic or automated market-making. Representing bitcoin's value as an ERC-20 token let lending markets, decentralized exchanges and collateral systems built on Ethereum accept bitcoin-denominated value using the same interface they already used for other Ethereum tokens.

That single interface is also what made WBTC portable across many independently built applications without each one needing custom bitcoin-handling code. A protocol that supports ERC-20 collateral generally can support WBTC without additional integration work, because the token behaves like any other balance defined by the standard, transferable and approvable through the same function calls.^{[6], [2]}

Verification happens off the chain that holds the token

Because the backing bitcoin sits on Bitcoin's ledger while the token circulates on Ethereum, confirming that supply and reserves match requires checking two separate records: the WBTC smart contract's total supply on Ethereum and the custodian's disclosed bitcoin addresses or attestation reports. Neither ledger alone shows the full picture.

The project addresses this by publishing custodian bitcoin addresses and periodic attestations intended to let anyone compare token supply against disclosed reserves. That published process is what a user, exchange or auditor relies on when treating WBTC as backed one-to-one, rather than any property Ethereum's protocol enforces automatically.^{[5], [4]}

The trust the token still asks for

WBTC's design solves a real interoperability problem — using bitcoin-denominated value inside Ethereum's smart-contract environment — by introducing custodial and governance trust that a native, single-chain asset does not require. Minting and burning depend on merchants and a custodian following the published process correctly, and on WBTC DAO members maintaining that structure as intended. None of this is enforced by Bitcoin's or Ethereum's consensus rules directly.

Control over who serves as custodian and merchant, and how governance of the DAO is structured, has been a live subject of public discussion among WBTC's participants as the arrangement has evolved since 2019. Anyone relying on WBTC for meaningful value is ultimately trusting that the disclosed custody and governance arrangement, whoever administers it at a given time, continues to match what is published.^{[3], [5]}

What this means when you hold or swap WBTC

Treat WBTC as an ERC-20 claim backed by custodied bitcoin, not as bitcoin itself. Before relying on it for anything beyond a quick trade, check the current proof-of-reserves disclosure and confirm which entity currently serves as custodian, since that detail is part of what backs the token and can change over time.

When swapping between BTC and WBTC, remember the two steps involved: a mint or burn through the merchant and custody process, or a market trade through an exchange that already holds both assets. Exchange trades settle faster but expose you to that venue's own liquidity and pricing, while direct mint or burn requests follow the custodian's documented procedures and timing.

Sources and evidence (10)

[1] WBTC launched in January 2019 as a project of BitGo, Kyber Network and Ren (then Republic Protocol) to bring bitcoin-backed tokens to Ethereum. WBTC Network — about · verified 2026-09-23 Confirmed
[2] WBTC's original documentation describes a merchant-and-custodian mint/burn process for issuing ERC-20 tokens backed by custodied bitcoin. WBTC — white paper · 2019-01-01 · verified 2026-09-23 Confirmed
[3] WBTC governance, including approval of merchants and custodians, is administered through the published WBTC DAO repository and multisig process. WrappedBTC DAO — governance repository · verified 2026-09-23 Confirmed
[4] BitGo announced a multi-jurisdictional WBTC custody structure using the same multi-signature cold-storage technology. BitGo — WBTC multi-jurisdictional custody · 2024-08-09 · verified 2026-09-23 Confirmed
[5] WBTC publishes proof-of-reserves information comparing circulating token supply to custodied bitcoin holdings. WBTC Network — transparency · verified 2026-09-23 Confirmed
[6] ERC-20 defines the common Ethereum token interface for transfers, balances and approvals that WBTC implements. EIP-20 — Token Standard · 2015-11-19 · verified 2026-09-23 Confirmed
[7] The WBTC token contract on Ethereum is a published, verifiable smart contract address maintained under the project's governance. Etherscan — WBTC token contract · verified 2026-09-23 Confirmed
[8] Bitcoin's scripting language does not support general-purpose smart contracts of the kind Ethereum applications use. Bitcoin.org Developer Guide — Script · verified 2026-09-23 Confirmed
[9] Kyber Network was one of the founding participants involved in creating the WBTC standard in 2019. Kyber Network — WBTC announcement · 2019-01-31 · verified 2026-09-23 Confirmed
[10] Ren (Republic Protocol) was among the founding members that launched WBTC alongside BitGo and Kyber Network. CoinDesk — WBTC launch coverage · 2019-01-31 · verified 2026-09-23 Confirmed

Profile last reviewed 2026-09-23. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

WBTC swap FAQ

How do I swap Wrapped BTC (Ethereum) (WBTC) instantly on SwapRocket?

Pick WBTC as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap WBTC with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of WBTC. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping Wrapped BTC (Ethereum) on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends WBTC to the wallet address you provide.

Which network does WBTC use here?

SwapRocket supports Wrapped BTC (Ethereum) on the ETH network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap WBTC?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the WBTC amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.