Safe & secure Crypto.com Wrapped BTC wallet

Use the security of your Trezor hardware wallet to safely manage your Crypto.com Wrapped BTC.

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Screenshot of Crypto.com Wrapped BTC wallet interface not supported in Trezor Suite app.

Send & receive your Crypto.com Wrapped BTC with Trezor Hardware wallets

Send & receive

Easily move your Crypto.com Wrapped BTC from any wallet or exchange to your Trezor hardware wallet.

Trezor hardware wallets that support Crypto.com Wrapped BTC

Sync your Trezor with wallet apps

Manage your Crypto.com Wrapped BTC with your Trezor hardware wallet synced with several wallet apps.

MetaMask
Rabby

Supported Crypto.com Wrapped BTC Network

Cronos

Why a hardware wallet?

Go offline with Trezor

You own 100% of your coins
Your wallet is 100% safe offline
Your data is 100% anonymous
Your coins aren’t tied to any company

Online exchanges

If an exchange fails, you lose your coins
Exchanges are targets for hackers
Your personal data may be exposed
You don’t truly own your coins

How to CDCBTC on Trezor

Connect your Trezor

Connect your Trezor hardware wallet to your computer or mobile device and follow the setup steps.

Open a third-party wallet app

Go to trezor.io/coins to find a compatible wallet app for your coin or token. Download, open, and follow the steps to connect your Trezor.

Manage your assets

After pairing your Trezor with the wallet app, manage your crypto securely. Your Trezor is used to confirm every important transaction.

Make the most of your CDCBTC

Sit back and relax—your assets are safe & secure. Your Trezor hardware wallet offers unparalleled protection for your crypto.

Trezor keeps your CDCBTC secure

Protected by Secure Element
The best defense against both online and offline threats
Your tokens, your control
Absolute control of every transaction with on-device confirmation
Security starts with open-source
Transparent wallet design makes your Trezor better and safer
Clear & simple wallet backup
Recover access to your digital assets with a new backup standard
Confidence from day one
Packaging & device security seals protect your Trezor’s integrity

What is CDCBTC?

Crypto.com Wrapped BTC (CDCBTC) is a token backed 1:1 by native BTC in Crypto.com’s custody, with the underlying BTC held in Crypto.com’s cold storage. CDCBTC allows bitcoin holders to access decentralised finance (DeFi) applications on chain. Eligible Crypto.com users can obtain CDCBTC by withdrawing their native BTC from the platform to a supported non-BTC chain and swap CDCBTC for native BTC by depositing CDCBTC into their Crypto.com wallet.

The Case for CDCBTC

Bitcoin’s DeFi utilities on its native chain are limited because of a lack of smart contract functionality and compatibility with other chains. Several wrapped BTC products have been created to address this problem, but many fail to sufficiently mitigate counterparty and security risks.

CDCBTC aims to enable token holders to unlock BTC’s DeFi capabilities across multiple chains: on-chain trading, collateralised borrowing, yield farming, restaking, and more. This will be done by offering a seamless and secure way to wrap and unwrap native BTC through the Crypto.com platform to multiple supported chains while addressing security issues by having the underlying BTC held in Crypto.com’s SOC 2 Type II compliant custodial solution. CDCBTC will be initially made available on Cronos Chain.

Wrap and Unwrap of CDCBTC

CDCBTC represents the underlying native BTC-backed 1:1 in Crypto.com’s custody. Mint/burn thresholds are set to ensure the underlying BTC backing CDCBTC is always larger than or equal to the circulating supply of CDCBTC.

The exchange process between CDCBTC and BTC is as follows: Wrap: When users initiate a BTC withdrawal to a supported chain, they will receive CDCBTC in their destination wallet. Crypto.com will manage the minting/wrapping operation on the backend - native BTC will be moved to a dedicated BTC reserve wallet backing CDCBTC before new quantities of CDCBTC are minted on a 1:1 basis.

Unwrap: When users initiate a CDCBTC deposit into their Crypto.com account, the CDCBTC is automatically unwrapped and they will receive native BTC from the dedicated BTC reserve wallet, available for trading or other use cases on the platform.

Custody, Transparency, and Security

The underlying BTC is held 1:1 via Crypto.com’s in-house Multiparty Computation (MPC) custody solution that has undergone SOC 2 (Service Organisation Control) Type II assessment by an independent auditor. It is an assurance through an independent auditor validating and auditing security controls and processes, focusing on the following aspects: Security, Availability, Processing Integrity, and Confidentiality. Guided by the SOC 2 Type II standards, the custody solution was designed to ensure that the security controls in place protect the solution itself from unauthorised access (system abuse, theft, fraud, etc.), unauthorised removal of data, misuse of software, and improper alteration or disclosure of information.

Crypto.com has engaged SlowMist for CDCBTC’s smart contracts auditing. No critical vulnerabilities have been identified.

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