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What is kBTC?
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kBTC is a wrapped Bitcoin token issued by Kraken. It’s fully backed by Bitcoin held in Kraken’s custody and designed for use on Ethereum and OP Mainnet networks (and more to come). This allows you to use Bitcoin in DeFi activities and other onchain applications that are not natively supported by Bitcoin.
For more information on what are ‘wrapped’ crypto assets, visit our Learn center.

FAQ

How is kBTC backed?
How can I verify that kBTC is fully backed?
Who can deposit or withdraw kBTC?
How do I get kBTC?
Can I exchange kBTC back into BTC?
What can I do with kBTC?
Is kBTC secure?
Are there any trading pairs available with kBTC
What are the transaction parameters for kBTC?
Which networks can I use kBTC on?
Why would I use kBTC instead of holding regular Bitcoin?
What are the fees associated with kBTC?
Is there a minimum amount required to convert BTC to kBTC?
Has kBTC been audited?
Will kBTC be available on other networks in the future?
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any exchange and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. Custody services provided by Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution. Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.