W

WBTC

Verified

Wrapped Bitcoin

on Ethereum

Decentralization

2/5

Contract Address

View on Explorer
0x2260fac5e5542a773aa44fbcfedf7c193bc2c599

Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin held in custody by BitGo. It brings Bitcoin's liquidity to the Ethereum ecosystem.

Custodian

Bi

BitGo Trust Company

centralised custody

Profile

Wrapping Mechanism

Type

centralised custody

Origin Chain

bitcoin

Description

BitGo holds Bitcoin in cold storage and mints WBTC on Ethereum at a 1:1 ratio

Technical Summary

Users send BTC to BitGo's custodial address. BitGo mints equivalent WBTC on Ethereum. Redemption requires merchant approval and KYC.

Trust Assumptions

  • BitGo must maintain proper custody of underlying BTC
  • Merchants act as authorized minting/burning agents
  • Users must trust BitGo's proof of reserves

Deployment Information

Launch Date

2019-01-31

Status

Active

Chain

Ethereum

WBTC on Other Chains

Related Pages

Verification Notice

Contract addresses and verification data reflect information available as of the dates indicated. Always verify contract addresses independently on official blockchain explorers before interacting with any smart contract. This is not investment advice.