Wrapped BTC (WBTC) is an ERC-20 token that is an analogue of Bitcoin on the Ether blockchain. One WBTC is equal to one real BTC. Its goal is simple and clear — to ensure the liquidity of the first cryptocurrency in the Ethereum ecosystem, and therefore DeFi and crypto lending services, prediction markets. WBTC was announced on October 26, 2018, and the official launch was on January 31, 2019. The Wrapped Tokens project, of which WBTC is a part, wasn’t founded by individuals but rather is a joint project of three organizations: BitGo, Kyber Network and Ren.
Users can easily and quickly create their own portfolio without the risk of price fluctuations during exchange.
Instant exchange with a fixed rate is a guarantee of receiving the exact amount of cryptocurrency without hidden fees.
Private keys are under client control, they are never sent or stored outside your device.
Non-custodial wallet with no registration or KYC required can be accessed on iOS, Android and Web. User is the only owner of the private key.