How to Buy interBTC Crypto (IBTC)

What is interBTC (IBTC)?

According to Coingecko, interBTC is : interBTC is a 1:1 Bitcoin backed asset that can be used to invest, earn and pay with BTC across the DeFi ecosystem on Polkadot, Ethereum, Cosmos and many more. What makes interBTC unique is the strict dedication to being trustless and decentralized: 1) Secured by Insurance. Vaults lock collateral on the interBTC parachain in various digital assets - in a MakerDAO-inspired multi-collateral system. If Vaults misbehave, their collateral is slashed and users reimbursed. As a user, you only trust that Bitcoin and the DeFi platform you use are secure. 2) Radically Open. Anyone can become a Vault and help secure interBTC, anytime. Yes, you can run your own Vault!

Where can I buy IBTC Crypto?

The best website to buy interBTC is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy interBTC on Simpleswap

To buy interBTC on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select IBTC, just like in this example:

Once you selected the currency you want to pay in, and IBTC, you need to paste your respective wallet address where you want to receive your IBTC.

With Simpleswap, you'll receive your interBTC directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.