Buying guideUpdated on How to Buy Coinbase Wrapped BTC (cbBTC): Step-by-Step Guide
To buy Coinbase Wrapped BTC on Picnic, you create an account, add funds with Pix and convert your balance into cbBTC in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much cbBTC can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $100.00014637cbBTC
- With $500.00073188cbBTC
- With $1000.0014637cbBTC
- With $5000.0073188cbBTC
How to buy Coinbase Wrapped BTC on Picnic, step by step
Four steps, from signing up to cbBTC in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for Coinbase Wrapped BTC
In the investments tab, look for Coinbase Wrapped BTC or cbBTC and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your cbBTC balance appears in your wallet, under your control.
What is Coinbase Wrapped BTC?
Coinbase Wrapped BTC (cbBTC) is a digital asset that brings Bitcoin's value to various blockchain networks, including Ethereum, Base, and Solana. Each cbBTC token is fully backed by real Bitcoin held securely by Coinbase. This allows users to utilize their Bitcoin in decentralized finance (DeFi) applications, such as lending, borrowing, and trading, across multiple platforms. With automatic conversion between BTC and cbBTC, users can easily move their assets between networks. cbBTC is available in several countries and regions, offering a seamless way to leverage Bitcoin's value in the growing DeFi ecosystem. You can buy cbBTC and other cryptocurrencies on the Picnic platform.
Coinbase Wrapped BTC (cbBTC) is a digital asset that brings Bitcoin's value to various blockchain networks, including Ethereum, Base, and Solana. This innovative token allows Bitcoin holders to participate in decentralized finance (DeFi) activities without selling their original Bitcoin. Each cbBTC token is fully backed by an equivalent amount of Bitcoin held securely in Coinbase's custody solutions, ensuring a 1:1 ratio between cbBTC and BTC. The process of using cbBTC is designed to be user-friendly and seamless. When users deposit Bitcoin into their Coinbase accounts, an equal amount of cbBTC is minted and sent to their chosen network wallet. Similarly, when users want to convert their cbBTC back to Bitcoin, they simply deposit the tokens into their Coinbase account, where the cbBTC is burned, and the corresponding Bitcoin is released from Coinbase's reserves. cbBTC opens up a world of possibilities for Bitcoin holders in the DeFi space. Users can now use their Bitcoin as collateral for loans, participate in yield farming, perform decentralized trading, and engage in various other DeFi activities across multiple blockchain networks. This versatility makes cbBTC an attractive option for those looking to maximize the potential of their Bitcoin holdings. You can buy cbBTC and other cryptocurrencies on the Picnic platform, which offers a wide range of digital assets for trading.
Why buy Coinbase Wrapped BTC on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy cbBTC in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy Coinbase Wrapped BTC?
Fees depend on the network used to buy cbBTC. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy Coinbase Wrapped BTC on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of cbBTC can move, so invest thoughtfully.
Can I buy just a fraction of cbBTC?
Yes. You choose the amount to spend and receive the matching quantity of cbBTC, even if it is a fraction of one unit.
Do I need to understand crypto to buy Coinbase Wrapped BTC?
No. Picnic is built to be simple even for beginners: fund with Pix, search for Coinbase Wrapped BTC and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until cbBTC reaches my wallet?
After you add funds with Pix and confirm the purchase, your cbBTC balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides Coinbase Wrapped BTC?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy Coinbase Wrapped BTC?
Create your account, fund with Pix and have cbBTC in your wallet in minutes.
Buy Coinbase Wrapped BTCThis content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.