Wrapped Bitcoin is known as a converted option of the conventional Bitcoin suitable for the Ethereum network for decentralized applications. The token has become increasingly popular as it opens up opportunities for its owner to have access to multiple decentralized services.
Wrapped Bitcoin is symbolized with wBTC, or WBTC, and was launched relatively recently in 2019. Its primary value noticed by first users is allowing interaction with the DeFi ecosystem of Ethereum, but it also has other benefits.
This read will tell you more about the token and the safe ways to buy it online.
Pluses of Wrapped Bitcoin and Its Investment Value
Nowadays, the number of exchanges and electronic wallets that accept WBTC is rapidly growing, so it makes sense to find out about its main features and pave the way for you to invest in the new coin securely.
So, what makes Wrapped Bitcoin unique and worth a buy?
- WBTC erases boundaries between the Ethereum network and Bitcoin users.
If previously it was impossible for Bitcoin’s user base to interact with ETH’s ecosystem, today it is possible and welcomed. Bitcoin holders are even allowed to gain interest.
If you’ve been in the business for a while, you must know that the most disappointing thing about Bitcoin is the transaction speed. In contrast to this, Wrapped Bitcoin can build up a fresh block in every quarter of a minute since it is based on the Ethereum blockchain.
This leads to higher functionality as WBTC can run across Ethereum wallets and exchanges and in many times exceed BTC.
Transactions involving Wrapped Bitcoin are easier and cheaper, and that is good news for everyone planning to get it.
The asset is quite a universal coin which, on the other hand, equals Bitcoin in price but has more integration possibilities and applications. There is no difference in values, but Wrapped Bitcoin obviously will provide more flexibility in many areas.
All of this makes WBTC a worthy option for investment, at least for 2021-2022. To check out the rates to exchange the crypto coins you already own to Wrapped Bitcoin, see https://letsexchange.io/exchange-rates.
There, you will find all the data necessary to make a thoughtful exchange and will be able to track the price in real-time. Besides, the calculator widget on the website LetsExchange.com will show the results of your future exchanges if you choose to buy WBTC right now.
To exchange at this website, you never need to create an account. Just make sure you have a cryptocurrency wallet and are sure of your decision. For more info on the token, visit the WBTC to BTC exchange page to see the results of the latest exchanges and average profit for the latest 24 h.
So, the question of if the WTBC is a good asset to buy is answered: as any financial value, it has its own unique use and is a good decision for many cases. But you will need to look at your goals, research the market, and base the choice exclusively on the financial condition you’re at.