Exchange

Coinbase Wrapped BTC (cbBTC)

Coinbase Wrapped BTC (cbBTC) is a wrapped version of Bitcoin (BTC), backed 1:1 by BTC held in custody by Coinbase. Coinbase Exchange users have a unified BTC balance, meaning that cbBTC can be withdrawn from and deposited to the users BTC balance. cbBTC withdrawals & deposits are available on the following networks:

  • Base

  • Ethereum

  • Solana

  • Arbitrum

  

Withdrawals of cbBTC

You can withdraw cbBTC from your BTC balance. 

  1. Click ‘Withdraw’ to enter the withdrawal flow.

  2. Select Bitcoin as the asset you wish to withdraw.

  3. Select ‘Crypto Address’ to withdraw BTC to an external wallet address.

  4. Select the appropriate network.

  5. Input your address.

  6. Mark the displayed checkbox to confirm that you are withdrawing Bitcoin over the correct network and assets withdrawn will appear as cbBTC.

  7. Input the amount you want to transfer.

  8. Click ‘Withdrawal’ to initiate the withdrawal.

Deposits of cbBTC

You can deposit cbBTC to your BTC balance. 

  1. Click ‘Deposit’ to enter the deposit flow.

  2. Select Bitcoin as the asset you wish to deposit.

  3. Select ‘Crypto Address’ to deposit cbBTC from an external wallet address.

  4. Ensure that you can only send BTC or cbBTC by clicking ‘I understand’ to move forward with your deposit.

  5. Select the appropriate network.

  6. Copy your cbBTC address.

  7. Send cbBTC to this address from your external wallet. 

  8. The cbBTC deposited to your account will be automatically converted to BTC. 

Restrictions

cbBTC is currently not available to customers in New York, Canada, Mexico, Colombia, Argentina, South Africa, Nigeria, Ghana, Chile, Dominican Republic, Jamaica, Ecuador, Peru, Costa Rica, Kuwait, Kazakhstan, Cameroon, Serbia, Trinidad and Tobago, El Salvador, Kenya, Indonesia, Bahrain, Bangladesh, Pakistan, Thailand, Saudi Arabia, Sri Lanka, Morocco, Vietnam, Malaysia, Algeria, Ethiopia, Guatemala, Honduras, Panama, Egypt, Israel, Tunisia, Nepal, Benin, Armenia, Georgia, Mongolia, Paraguay, Côte d'Ivoire, Bolivia, Kyrgyzstan, Angola, Burkina Faso, Togo, Moldova, Albania, Cambodia, Niger, Senegal, Barbados, Maldives, Cayman Islands, Macedonia, Mozambique, Republic of the Congo, Gabon, Saint Lucia, Bermuda, Turkey, Ukraine, British Virgin Islands.

Please contact your Coinbase Exchange Account Manager or Coinbase Support for more details.