What wallet do I need to receive xBTC?

xBTC is sent on Solana, so you need a Solana wallet such as Phantom or Solflare. Use an address you control; if you send to an exchange, check that it accepts xBTC on Solana, as some exchanges don't credit deposits that come from a smart contract.

Do I need KYC or an account to swap NEAR to xBTC?

No. There is no sign-up, no email and no ID verification: you pay NEAR from your own wallet and receive xBTC at an address you choose. NEAR Mobile Swap is only an interface to the NEAR Intents protocol and never asks for personal data.

How long does a NEAR to xBTC swap take?

The swap itself settles in seconds once your NEAR deposit is confirmed on NEAR. Total time depends mostly on how many confirmations NEAR needs for the deposit, plus the withdrawal to Solana.

Convert NEAR Protocol to OKX Wrapped BTC (NEAR → xBTC)

Q: Who holds my NEAR during the swap?

NEAR Mobile never does. Your NEAR goes to a deposit address created for your quote, NEAR Intents settles the swap on-chain, and the xBTC is sent straight to your address on Solana. If the swap can't be filled, the NEAR is refunded to your wallet or refund address. Funds you keep in a NEAR Intents balance (Deposit tab) can only be moved with your wallet's signature.

Swap NEAR on NEAR to xBTC on Solana in one step, without bridging it yourself. Powered by NEAR Intents.

No KYC
No account
Self-custody

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How to convert NEAR Protocol to OKX Wrapped BTC

The widget above is already set to NEAR on NEAR → xBTC on Solana. The whole swap runs in one flow through NEAR Intents:

Step 1: Choose how to pay
Connect a NEAR wallet such as NEAR Mobile or Meteor that holds your NEAR. Or turn on Swap from external wallet to get a deposit address and QR code you can pay from any wallet or exchange; you then add an address on NEAR for refunds.

Step 2: Enter the amount and where to receive
Type how much NEAR to swap and the Solana address that receives the xBTC, from a Solana wallet such as Phantom or Solflare. The widget shows how much xBTC you will receive, fees included, before you confirm.

Step 3: Confirm and send
Approve the transfer in your wallet, or send the amount to the deposit address. Once it confirms on NEAR, solvers fill the swap and the xBTC is sent to your address on Solana. If the swap can't be filled, your NEAR is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds NEAR to it, Swap trades within it, and Withdraw sends tokens out to their own networks.

⚠ Important: receive on an address you control. If you send the xBTC to an exchange instead, check that it accepts xBTC on Solana: some exchanges don't credit deposits that come from a smart contract.

About the NEAR → xBTC swap

This is a cross-chain swap: your NEAR leaves NEAR and xBTC arrives on Solana. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is xBTC on Solana, ready to use there with no second bridging step.

xBTC is a tokenized version of another asset, so its price tracks its underlying rather than NEAR. Swapping between NEAR and xBTC changes both your exposure and the network your funds live on.

About NEAR Protocol and OKX Wrapped BTC

What is NEAR Protocol (NEAR)?

NEAR Protocol is a smart contract platform co-founded by Illia Polosukhin and Alexander Skidanov, with its mainnet going live in 2020. The network focuses on usability, offering human-readable account names such as alice.near instead of long hexadecimal addresses. It is also the chain behind NEAR Intents, the cross-chain swap system that NEAR Mobile Swap uses.

Type: Layer-1 blockchain
Launched: 2020
Consensus: Proof of Stake (Nightshade sharding)
Max supply: No fixed cap
Swap network: NEAR
Sector (Messari): Smart Contract Platform

NEAR Protocol official site ↗Sector classification by Messari ↗

How NEAR Protocol works

Validators stake NEAR in a Proof of Stake system to produce blocks and confirm transactions. Nightshade sharding splits the network into parallel shards that process transactions side by side, which lets capacity grow as more shards are added.

What NEAR is used for

NEAR is spent on transaction fees and contract storage, and it is delegated to validators by holders who want staking rewards. Developers also use the chain for decentralized apps, AI agents and chain abstraction tools that operate across several blockchains.

NEAR supply

NEAR started with a genesis supply of one billion tokens and has no hard cap. New tokens are minted each epoch to reward validators, with the maximum annual inflation rate halved from 5% to 2.5% in October 2025, while at least 70% of every transaction fee is burned.

Before you swap NEAR

When withdrawing to NEAR, you can send to a named account (like name.near) or to a 64-character implicit account, so check you have the correct one. Keep a little NEAR in your wallet to cover gas and storage for future transactions.

What is OKX Wrapped BTC (xBTC)?

xBTC is a wrapped version of bitcoin issued by the OKX exchange. It launched on 22 May 2025 on Solana, Sui and Aptos, and the OKX product page now lists X Layer as well. The aim is to let BTC holders use their coins in on-chain apps on those networks while keeping bitcoin price exposure.

Type: Custodial wrapped bitcoin (SPL token)
Launched: 2025
Consensus: Runs on Solana (also Sui, Aptos, X Layer)
Max supply: No fixed cap (1:1 with BTC reserves)
Swap network: Solana

OKX Wrapped BTC official site ↗

How OKX Wrapped BTC works

OKX holds the reserve. Withdrawing BTC from an OKX account to a supported chain delivers xBTC one-for-one, and depositing xBTC back to OKX converts it to BTC. OKX says the reserves are fully in its custody and verifiable through on-chain Proof of Reserves, and that the token contracts were audited by CertiK, MoveBit, MixBytes and Zellic.

What xBTC is used for

On Solana, xBTC gives users a bitcoin-priced asset for lending, liquidity pools and trading against other Solana tokens. It also lets OKX customers move BTC exposure on-chain without a third-party bridge.

xBTC supply

There is no fixed cap or emission schedule. Supply expands and contracts as customers convert between BTC and xBTC through OKX, matched 1:1 by the exchange's bitcoin reserves.

Before you swap xBTC

xBTC is a custodial token, not native bitcoin: its backing depends on OKX, and redeeming it for BTC requires an OKX account. On Solana it is a standard SPL token (not Token-2022) with 8 decimals, and OKX keeps a freeze authority over it. Keep a little SOL for fees and token-account rent, or pick BTC as the output if you want coins on the Bitcoin network.

Looking for the reverse?Convert xBTC to NEAR →

More swaps:All NEAR pairs →All xBTC pairs →

Swap NEAR for other tokens

NEAR → XAUT NEAR → USAD NEAR → USDCx NEAR → XLM NEAR → BCH NEAR → DASH

Other ways to get xBTC

USDT → xBTC USDC → xBTC BTC → xBTC ETH → xBTC

Popular token swaps

ETH → NEAR NEAR → USDT BTC → NEAR SOL → NEAR NPRO → NEAR NEAR → NPRO BTC → ETH BTC → SOL

View all token swap pairs →

NEAR to xBTC: frequently asked questions

What to know before swapping NEAR Protocol for OKX Wrapped BTC

Use the widget on this page, already set to NEAR on NEAR → xBTC on Solana: connect your wallet or pay by QR code, enter the amount and your Solana address, and confirm. NEAR Intents swaps it and sends the xBTC to that address in one flow, and the widget shows the exact amount you will receive before you confirm.