To purchase Coinbase Wrapped BTC (cbBTC), begin by downloading the Zengo app and setting up your wallet. Then, choose your preferred payment method and enter the amount of cbBTC you’d like to buy. Once confirmed, your cbBTC tokens will appear in your Zengo wallet. Zengo partners with trusted platforms like MoonPay, Transak, and BankSA to ensure secure transactions and compliance with KYC (Know Your Customer) regulations, which involve verifying your identity using documents like a passport or government-issued ID.

Buying Coinbase Wrapped BTC (cbBTC) with Zengo is typically quick, often completed within minutes. However, the time required may vary depending on factors such as your payment method, network congestion, and the exchange partner. Once the transaction is complete, you’ll receive a notification, and your cbBTC tokens will be credited to your wallet.

To maintain top-tier security and meet regulatory requirements, Zengo mandates ID verification before you can purchase Coinbase Wrapped BTC (cbBTC). This step is crucial for preventing fraud and ensuring the safety of your transactions.

Zengo partners with regulated purchasing platforms that adhere to AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. To buy Coinbase Wrapped BTC (cbBTC) or any other cryptocurrency, you must be at least 18 years old and provide a valid ID for identity and age verification.

Zengo is a self-custodial wallet for cryptocurrency that is free to use. However, you will have to pay a fee when you buy, sell, or trade cryptocurrency. These fees include

• Network fees (not paid to Zengo)
• Exchange fees
• Service fees (paid only to the providers).

Zengo does not apply any hidden fees or markups on the exchange rate. The fee amount may vary depending on the payment method, currency, and operator. Before you confirm your payment, Zengo provides you with a clear breakdown of all applicable fees.

Note: Zengo Pro users benefit from reduced service fees.

Coinbase Wrapped BTC (cbBTC), like all cryptocurrencies, is subject to market risk. Due to price volatility, it’s important to conduct proper research and be aware of the risks before making any investment.

Zengo supports purchasing Coinbase Wrapped BTC (cbBTC) in over 188 countries around the world. However, some countries may have restricted access to the app or specific features due to local regulations. For a full list of supported countries, visit Zengo’s website.

You can also sell or swap Coinbase Wrapped BTC (cbBTC) on Zengo. 

To sell Coinbase Wrapped BTC (cbBTC), you can choose the sell option on the app and enter the amount of Coinbase Wrapped BTC (cbBTC) you want to sell. You will see the exchange rate and the fees before you confirm the transaction. You will receive the fiat money in your bank account or your preferred payment method.

To swap Coinbase Wrapped BTC (cbBTC), you can choose the swap option on the app and select the crypto asset you want to swap with Coinbase Wrapped BTC (cbBTC) or any other asset. You will see the exchange rate and the fees before you confirm the transaction. You will receive the swapped crypto asset in your Zengo wallet.