Understanding WBTC
What is Wrapped Bitcoin?
Wrapped Bitcoin (WBTC) is an Ethereum token backed one-to-one by Bitcoin held in reserve. It lets Bitcoin holders use BTC value inside Ethereum applications, from trading to lending, while each WBTC remains redeemable for the Bitcoin that backs it.
In Australia
How to buy Wrapped Bitcoin in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy Wrapped Bitcoin (WBTC)
Buy WBTC at live AUD market prices, then hold it or spend it with the Wayex Card.
Wrapped Bitcoin FAQs
- Can I buy Wrapped Bitcoin in Australia?
- Yes. You can buy Wrapped Bitcoin (WBTC) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for Wrapped Bitcoin?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy WBTC instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy Wrapped Bitcoin?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend Wrapped Bitcoin with the Wayex Card?
- Yes. Once you hold WBTC in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
Available on iOS and Android. Sign up in minutes with your email.
- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
- 03
Buy, Sell and Spend!
Trade AUD into 80+ crypto assets, and spend anywhere Visa is accepted.