Flyp.me has integrated Wrapped Bitcoin to its platform, to allow users to exchange it with over 40+ supported cryptocurrencies. One of the great advantages of WBTC is the possibility to use it on the Ethereum's burgeoning DeFi ecosystem.
Wrapped Bitcoin, or WBTC for short, is the first ERC20 token backed 1:1 with Bitcoin. Completely transparent and 100% verifiable.
Moving from WBTC to Bitcoin is straightforward now. You need to follow a few steps:
- Go to Flyp.me — Select WBTC in the list of crypto that want to exchange, then enter your Bitcoin wallet destination address.
- Enter a refund address for the WBTC wallet you are exchanging from.
- Send WBTC to Flyp.me transfer wallet address.
- Done! Flyp.me will automatically send Bitcoin to your destination wallet.
WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes iteasier to write smart contracts that integrate Bitcoin transfers.
Why is there a need for Wrapped Bitcoin (WBTC)?
WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. Today, the majority of trading volume takes place on centralized exchanges with Bitcoin. WBTC changes that, bringing Bitcoin’s liquidity to DEXs and making it possible to use Bitcoin for token trades.
About Flyp.me
Flyp.me is the professional tool for instant crypto trading. There is no registration necessary and no hidden analytics tracking you. Moreover, Flyp.me does not control users' funds, so your private keys are not at risk of being held on third-party services.
Flyp.me currently supports over 40 cryptocurrencies and is continuing to add more: Bitcoin, Ethereum, Zcash, Augur, Litecoin, Syscoin, Pivx, Blackcoin, Dash, Decred, Dogecoin, Flyp.me Token, Gamecredits, Peercoin, Aidcoin, 0x, Vertcoin, Basic Attention Token, BLOCKv, Groestlcoin, DAI, Power Ledger, Enjincoin, TrueUSD, Cardano, Storj, Monero, Maker, TetherUS, DigiByte, USD Coin, MANA, Enigma, Aragon, Chainlink, REN, Pax Dollar, FunFair, COMP, Pax Gold, AAVE, Chiliz, Liquid Bitcoin, Bitcoin Lightning Network, BNB, Binance USD, Horizen and now WBTC.