Wrapped Bitcoin
- Ticker
- WBTC
- Category
- Wrapped asset
- Risk profile
- Issuer risk
What it is
An Ethereum token meant to be backed one-for-one by bitcoin held in custody, so bitcoin can be used inside Ethereum applications.
Why this risk level
- It lets bitcoin act as collateral in Ethereum DeFi, which the Bitcoin network itself cannot do
- You hold a claim on a custodian's reserves, not bitcoin — the custodian is the single point of failure
- The custody arrangements behind it have changed since launch, so confirm who holds the backing today
A plain-English risk overview for education, not investment advice. Risk profiles describe the asset's own characteristics, not a price forecast — always do your own research before buying.
Other coin guides
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