Help & FAQs

Back to home

What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin and held at Bitgo Trust, and the underlying holdings are verifiable here. WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem. 


Users can wrap and unwrap BTC seamlessly via their CoinList wallet.


More answers about trading

How do I redeem Wrapped Bitcoin (WBTC) for BTC?

To unwrap WBTC into BTC, you first need to have WBTC in your CoinList wallet. Once your wallet is funded with WBTC:


  • Click “Unwrap” from inside your WBTC wallet.
  • Enter the amount of WBTC you wish to swap into BTC
  • Click “Confirm Unwrap” to receive BTC directly in your BTC wallet.


WBTC will be debited from your WBTC wallet and you will receive BTC in your BTC wallet. 


Please note that you will have two different wallets. You will not receive BTC in your WBTC wallet. 


What are the fees?

You can find the most up to date information on trading fees here.


What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 by Bitcoin and held at Bitgo Trust, and the underlying holdings are verifiable here. WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem. 


Users can wrap and unwrap BTC seamlessly via their CoinList wallet.

Are there minimum or maximum order sizes?

Yes, you can find the most up to date minimum and maximum trade limits here https://coinlist.co/legal


How do I make a trade?

When you're logged in, click on Trade in the left navigation. 


Once you see the trading screen. You will then be prompted to enter an amount of a specific cryptocurrency you wish to buy or sell. Once you have set the amount, you can preview the order. 


After selecting “preview order”, you will be presented with the price for your order. You will have 30 seconds to confirm the trade. If you do not confirm the trade within 30 seconds, you will be required to re-input your order. The price may change after the 30 second window. Once you confirm the order, the trade will be considered final and it will be executed, you will see the resulting balances in your applicable CoinList Wallets.

Are there minimum price increments for orders?

Yes, but these are not uniform across all assets, please see https://coinlist.co/legal for the most up to date information. 

What assets can I trade?

You can view currently supported assets on https://coinlist.co/legal




Do all users automatically have access to CoinList wallets & trading?

Depending on when you signed up for CoinList, you may need to complete additional compliance in order to use wallets and trading. You can complete your registration at https://coinlist.co/wallets/new.  New users should automatically have access to wallets and trading, subject to additional jurisdiction restrictions. 

How to buy Algorand (ALGO)

To buy Algorand (ALGO):


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, MKR, DAI, ALGO, and other cryptocurrencies. 
  • 3. Buy ALGO - Once your deposits have cleared, you're ready to go. You can store your ALGO in your online CoinList wallet for free.

How long does it take to wrap and unwrap BTC?

A CoinList affiliate manages its own pool of BTC and WBTC, so the process is usually immediate. When demand is high, it is possible that the pool temporarily runs out of BTC or WBTC. If that is the case, the wrapping or unwrapping service will pause until the pool is replenished.


You may choose to hold your funds to be automatically converted when the pool is replenished. This situation is usually addressed within (6) to twenty-four (24) hours.


How long does a trade take to clear?

Confirmed trades typically take only a few seconds to clear and to be reflected in your CoinList Wallet. 


How do I get Wrapped Bitcoin (WBTC)?

To obtain WBTC, you first need to have BTC in your CoinList wallet. You can either directly deposit BTC in your wallet or you can buy BTC through CoinList. Once your wallet is funded with BTC: 


  • Click “Wrap” from inside your BTC wallet.
  • Enter the amount of BTC you wish to convert into WBTC
  • Click “Confirm Wrap” to process the transaction

BTC will be debited from your BTC wallet and you will receive WBTC in your WBTC wallet. 

Please note that you will have two different wallets. You will not receive WBTC into your BTC wallet. 

What are the fees to Wrap and Unwrap WBTC?

CoinList charges a flat 0.25% trading fee to wrap or unwrap WBTC.

How to buy Ethereum (ETH)

To buy Ether (ETH)


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, ALGO, OXT, and other cryptocurrencies.
  • 3. Buy ETH - Once your deposits have cleared, you're ready to go. You can store your ETH in your online CoinList wallet for free.

How to buy Bitcoin (BTC)

To buy Bitcoin (BTC)


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, MKR, DAI, ALGO, and other cryptocurrencies.
  • 3. Buy BTC - Once your deposits have cleared, you're ready to go. You can store your BTC in your online CoinList wallet for free.

How to buy Orchid (OXT)

To buy Orchid (OXT):


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, MKR, DAI, ALGO, and other cryptocurrencies. 
  • 3. Buy OXT - Once your deposits have cleared, you're ready to go. You can store your OXT in your online CoinList wallet for free.

How to buy Dai

To buy Dai:


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, MKR, DAI, ALGO, and other cryptocurrencies.
  • 3. Buy DAI - Once your deposits have cleared, you're ready to go. You can store your DAI in your online CoinList wallet for free.

How to buy Maker (MKR)

To buy Maker (MKR):


  • 1. Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  • 2. Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit U.S. dollar-based stablecoin, USDC. And you can deposit BTC, ETH, MKR, DAI, ALGO, and other cryptocurrencies.
  • 3. Buy MKR - Once your deposits have cleared, you're ready to go. You can store your MKR in your online CoinList wallet for free.

How to buy CELO

  • Create an account - Creating an account on CoinList takes minutes. You'll need to provide identity information. And we require 2-factor authentication for added security.
  •  Deposit U.S. dollars or crypto - Funding with U.S. dollars can be done with wires or ACH. You can also deposit the U.S. dollar-based stablecoins USDC and DAI. Additionally, you can deposit BTC, ETH, ALGO, OXT, MKR, and other cryptocurrencies.
  • Buy CELO - Once your deposits have cleared, you're ready to go. You can store your CELO in your online CoinList wallet for free.