Skip to main content

Can I use Wrapped Bitcoin to pay for goods and services online?

Yes, you can use Wrapped Bitcoin (WBTC) to pay for goods and services online.

WBTC is an ERC-20 token that is backed 1:1 with Bitcoin, meaning that each WBTC token is worth the same amount of Bitcoin. This makes it easy to use WBTC to pay for goods and services online, as it can be sent and received on the Ethereum blockchain just like any other ERC-20 token. Additionally, many merchants now accept WBTC as a form of payment, making it even easier to use.

In order to use WBTC to pay for goods and services online, you will need a wallet that supports ERC-20 tokens such as MetaMask or MyEtherWallet. Once you have a wallet set up, you can purchase WBTC from an exchange such as Coinbase or Binance and then transfer it to your wallet. From there, you can send the WBTC directly to the merchant's address in order to complete your purchase.

AI created text. No guarantee for the correctness of the content.

Other interesting questions on the topic of Wrapped Bitcoin