Why do cryptocurrency prices spike after exchange listings?
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1 Wrapped Bitcoin equals $1.00 BTC
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Platform | Wrapped Bitcoin | Bitcoin |
---|---|---|
Kraken | 1 WBTC | 1.00 BTC |
OKX | 1 WBTC | 1.00 BTC |
Binance | 1 WBTC | 1.00 BTC |
Coinbase | 1 WBTC | 1.00 BTC |
Kucoin | 1 WBTC | 1.00 BTC |
Bybit | 1 WBTC | 1.00 BTC |
Crypto.com | 1 WBTC | 1.00 BTC |
To buy Wrapped Bitcoin using Bitcoin, first, find a cryptocurrency exchange that supports the WBTC/BTC trading pair, such as Kraken or OKX. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the WBTC/BTC pair on the trading platform and place an order to exchange your Bitcoin for Wrapped Bitcoin. If the WBTC/BTC pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Wrapped Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Wrapped Bitcoin for Bitcoin, first, find a cryptocurrency exchange that supports the WBTC/BTC trading pair, such as Kraken or OKX. Create an account, verify your identity, and deposit your WBTC into your exchange wallet. Locate the WBTC/BTC pair on the trading platform and place a sell order to exchange your Wrapped Bitcoin for Bitcoin. If the WBTC/BTC pair is unavailable, you can first sell Wrapped Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez