Addresses & networks

Wrapped token

A wrapped token (WBTC, WETH) is an IOU on one chain representing an asset locked elsewhere.

Convenient inside DeFi, but it carries custodian or bridge risk and is not the same as holding the native coin.

On Swap.bz

Swapping WBTC on Ethereum to native BTC is a common use case — check the pair label to know which you are selecting.

Related terms

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