Meet kBTC

The secure way to bring the power of Bitcoin to Ethereum, OP Mainnet, and beyond.

Phone with price of bitcoin

The power of Bitcoin. The possibilities of multiple networks.

The kBTC token lets you leverage the power of Bitcoin while interacting with Ethereum, OP Mainnet, and other growing DeFi ecosystems.
Fully-backed. Fully exchangeable anytime.

How it works

product-overview

Wrapping Bitcoin - To use Bitcoin across multiple networks, including Ethereum and OP Mainnet, we exchange it for a token that these apps can interact with—kBTC. This process is called ‘wrapping.’

Learn more about wrapped assets
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Using kBTC - kBTC lets you access a range of DeFi applications across Ethereum, OP Mainnet, and soon, other EVM and non-EVM networks.

Full launch announcement
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Backed by Bitcoin - kBTC is fully collateralized, with Kraken holding 1 BTC for every 1 kBTC issued.

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Full transparency - Kraken’s Bitcoin reserves are collateralized by BTC held by our SPDI-chartered financial institution. Anyone can verify at any time that we hold full Bitcoin reserves for kBTC.

Learn more about SPDIs
device

Exchange kBTC - Enjoy the flexibility to move seamlessly between two ecosystems. Unwrapping kBTC takes just a few clicks, and you can exchange your kBTC for BTC at any time.

How it works

product-overview

Wrapping Bitcoin - To use Bitcoin across multiple networks, including Ethereum and OP mainnet, we exchange it for a token that these apps can interact with—kBTC. This process is called ‘wrapping.’

Learn more
hovering-coin

Using kBTC - kBTC lets you access a range of DeFi applications across Ethereum, OP mainnet, and soon, other EVM and non-EVM networks.

Full launch announcement
pegged-price

Backed by Bitcoin - kBTC is fully collateralized, with Kraken holding 1 BTC for every 1 kBTC issued.

checked-shield

Full transparency - Kraken’s Bitcoin reserves are collateralized by BTC held by our SPDI-chartered financial institution. Anyone can verify at any time that we hold full Bitcoin reserves for kBTC.

Learn more about SPDIs
device

Exchange kBTC - Enjoy the flexibility to move seamlessly between two ecosystems. Unwrapping kBTC takes just a few clicks, and you can exchange your kBTC for BTC at any time.

hovering coin

Ready to use kBTC?

Buy BTC on Kraken Pro and automatically exchange it to kBTC by withdrawing.

Buy BTC

FAQs

  1. What is kBTC?


  2. How is kBTC backed?


  3. How can I verify that kBTC is fully backed?


  4. How do I get kBTC?


  5. Can I exchange kBTC back into BTC?


  6. What can I do with kBTC?


  7. Is kBTC secure?


  8. Are there any trading pairs available with kBTC?


  9. What are the transaction parameters for kBTC?


  10. Where can I use kBTC?


  11. Why would I use kBTC instead of holding regular Bitcoin?


  12. What are the fees associated with kBTC?


  13. Is there a minimum amount required to exchange BTC to kBTC?


  14. Has kBTC been audited?


  15. Will kBTC be available on other networks in the future?


Geographic restrictions apply.

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 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 crypto-asset markets can lead to loss of funds. Tax may be payable on any return 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.

Links provided to third-party sites are for informational purposes only. Kraken does not have control over such sites and is not responsible for the accuracy of the content of those sites.

Important:
Custody services are 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.