What Is Wrapped Bitcoin (WBTC)? | Bitcoin on Ethereum Explained
Wrapped Bitcoin (WBTC) lets you use your Bitcoin in the world of DeFi - from lending protocols to decentralized exchanges. But how does it work? And what are the risks?
In this video, Graham breaks down everything you need to know about wrapped Bitcoin, including:
Why WBTC exists
How it’s created and redeemed
Custodial and smart contract risks
Alternatives like tBTC, bBTC, and cbBTC
And how you can earn over 20% APY with tBTC on Bitcoin.com’s DEX
Wrapped Bitcoin isn’t a new coin - it’s a bridge between Bitcoin’s value and Ethereum’s flexibility. If you’re curious about using Bitcoin in DeFi, this is the place to start.
📚 Read the full article: https://bitcoin.com/get-started/what-...
📲 Download the Bitcoin.com Wallet and start exploring wrapped Bitcoin today.
#crypto #Bitcoin #WBTC
Subscribe to our channel and hit the bell "🔔" icon to get notifications:
https://www.youtube.com/bitcoincomoff...
► Who are we?
At Bitcoin.com we create tools that bring more economic freedom to the world. Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. We make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.
Buy, sell, trade, earn, use, and learn crypto with the Bitcoin.com Wallet:
https://branch.wallet.bitcoin.com/I1d...
Stay informed with timely and objective crypto, published daily:
https://news.bitcoin.com/
Get educated with up-to-date content from Bitcoin.com’s learning center:
https://www.bitcoin.com/get-started/
Trade permissionlessly on Bitcoin.com's decentralized Verse DEX where you can also earn yield:
https://verse.bitcoin.com/
► What is Verse?
VERSE, which launched in December 2022, is Bitcoin.com’s rewards and utility token. Get VERSE for free in the Bitcoin.com Wallet app, and use it to earn Bitcoin and other rewards.
VERSE is expanding access to DeFi, enabling more people to benefit from democratized finance and the economic freedom it unlocks.
—
Join our community and follow us for updates ⬇️
►X: https://x.com/Bitcoincom
►X News Account: https://x.com/BTCTN
►Instagram: / bitcoin.com_official
►Discord: / discord
►Telegram: https://t.me/GetVerse
►LinkedIn: / bitcoin.com
►Linkedin News Account: / bitcoin-com-news