A tokenized version of Bitcoin called Wrapped Bitcoin (WBTC) runs on the Ethereum blockchain. WBTC uses the ERC-20 standard and seamlessly integrates with decentralized exchanges and other DeFi applications. Each WBTC is backed by Bitcoin 1:1, ensuring its value remains pegged to Bitcoin.

Launched on January 31, 2019, WBTC allows for the transfer of liquidity between the Bitcoin and Ethereum networks in a decentralized way. Bitcoin, being the oldest and largest cryptocurrency, has a massive user base and liquidity pool. However, Ethereum's smart contract technology has enabled the development of decentralized finance (DeFi) applications, which offer advanced financial services without the need for intermediaries.

By converting BTC into the ERC-20 standard, WBTC brings Bitcoin's liquidity into the DeFi ecosystem. It simplifies operations for exchanges, wallets, and payment services on Ethereum by allowing them to support WBTC transactions with just one Ethereum node.

To purchase WBTC Coin, you can use Binance, the world's largest cryptocurrency trading platform. After registering with Binance and depositing fiat currency, you can buy WBTC using the Bitcoin (BTC) and Ethereum (ETH) trading pair. At Binance, users can place buy orders at market price or lower using the Limit tab.