Can I convert WBTC to BTC?
I have some WBTC in my wallet and I'm wondering if it's possible to convert them to BTC. I've heard about conversion options but I'm not sure how it works or if it's even feasible.
How is WBTC pegged to BTC?
I want to understand how WBTC is pegged to BTC. What is the mechanism behind this pegging and how does it ensure the value of WBTC remains linked to BTC?
Has WBTC ever depegged?
I'm curious if WBTC, which is supposed to be pegged to the price of Bitcoin, has ever experienced a depegging event where its value decoupled from that of Bitcoin.
What is the safety of WBTC?
I'm considering investing in WBTC, but I'm concerned about its safety. I want to understand the risks involved and whether it's a secure asset to hold. Could someone explain the safety measures and potential vulnerabilities of WBTC?
Is swapping BTC for WBTC a taxable event?
I am considering swapping my Bitcoin (BTC) for Wrapped Bitcoin (WBTC) and I am wondering if this kind of transaction is considered a taxable event. I want to understand the tax implications before making the swap.