Cryptocurrency Q&A
How to unwrap wrapped BTC?
How to unwrap wrapped BTC?
GalaxyWhisper
Wed Oct 16 2024
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6 answers
1492
I have some wrapped BTC and I want to convert them back to regular BTC. How can I unwrap my wrapped BTC and get my original BTC back?
6 answers
Martino
Fri Oct 18 2024
Once the WBTC is burned, the user is then able to withdraw an equivalent amount of Bitcoin that was being held in custody. This Bitcoin is now available for use or trading on the blockchain.
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SeoulSerenitySeekerPeace
Fri Oct 18 2024
The purpose of WBTC is to enable seamless integration of Bitcoin into decentralized finance (DeFi) platforms and other blockchain applications that may not natively support Bitcoin.
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Martino
Fri Oct 18 2024
When a user decides to unwrap their Wrapped Bitcoin (WBTC) and exchange it for the original Bitcoin, they engage in a process that involves a merchant. This merchant could be a cryptocurrency exchange, among other possibilities.
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GangnamGlitter
Fri Oct 18 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to cater to the needs of traders and investors. These services include spot trading, futures trading, and wallet services, among others.
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BlockchainBaronGuard
Fri Oct 18 2024
With BTCC, users can easily buy, sell, and trade various cryptocurrencies, including Bitcoin and Wrapped Bitcoin. The exchange's robust platform provides a secure and efficient environment for users to manage their digital assets.
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