Convert OKX Wrapped BTC to Bitcoin (xBTC → BTC)

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

  • No KYC
  • No account
  • Self-custody

Swap xBTC to BTC

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How to convert OKX Wrapped BTC to Bitcoin

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

Step 1: Choose how to pay
Connect a Solana wallet such as Phantom or Solflare that holds your xBTC. 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 Solana for refunds.

Step 2: Enter the amount and where to receive
Type how much xBTC to swap and the Bitcoin address that receives the BTC, from any Bitcoin wallet. The widget shows how much BTC 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 Solana, solvers fill the swap and the BTC is sent to your address on Bitcoin. If the swap can't be filled, your xBTC is refunded.

Prefer to keep a balance inside NEAR Intents? The Deposit tab adds xBTC 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 BTC to an exchange instead, check that it accepts BTC on Bitcoin: some exchanges don't credit deposits that come from a smart contract.

About the xBTC → BTC swap

This is a cross-chain swap: your xBTC leaves Solana and BTC arrives on Bitcoin. 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 BTC on Bitcoin, 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 BTC. Swapping between xBTC and BTC changes both your exposure and the network your funds live on.

About OKX Wrapped BTC and Bitcoin

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.

What is Bitcoin (BTC)?

Bitcoin is the first decentralized cryptocurrency, described in a 2008 white paper by the pseudonymous Satoshi Nakamoto and brought to life when its network went live in January 2009. BTC is the native unit of that network and moves directly between users without a bank or payment processor in the middle.

Type
Layer-1 blockchain
Launched
2009
Consensus
Proof of Work (SHA-256)
Max supply
21 million BTC
Swap network
Bitcoin
Sector (Messari)
Cryptocurrency
Bitcoin official site ↗Sector classification by Messari ↗

How Bitcoin works

Miners compete to add blocks by running SHA-256 hashing hardware in a Proof of Work process, and the chain with the most accumulated work is treated as valid. Every full node independently checks each transaction against the rules, so the ledger's history becomes harder to alter with every block stacked on top.

What BTC is used for

Most holders treat BTC as a long-term store of value and a hedge outside the traditional financial system. It is also used for cross-border transfers, as collateral in lending markets, and as a base trading pair across the crypto industry.

BTC supply

The protocol limits total issuance to 21 million BTC. New coins enter circulation only as block rewards, and that reward is cut in half roughly every four years in an event known as the halving.

Before you swap BTC

Bitcoin blocks arrive about every ten minutes on average, so a BTC deposit can take noticeably longer to confirm than deposits on faster chains. Double-check the receiving address format before withdrawing, since Bitcoin transactions cannot be reversed.

Looking for the reverse?Convert BTC to xBTC →
More swaps:All xBTC pairs →All BTC pairs →

Swap xBTC for other tokens

xBTC → ETHxBTC → NEARxBTC → USDTxBTC → USDC

Other ways to get BTC

XAUT → BTCUSAD → BTCUSDCx → BTCXLM → BTCBCH → BTCDASH → BTC

Popular token swaps

BTC → ETHBTC → SOLBTC → USDTBTC → USDCBTC → XRPBTC → NEARBTC → DOGEBTC → ADABTC → LTCETH → NEARETH → SOLETH → USDTETH → USDCETH → XRPSOL → USDCNEAR → USDTETH → BNBSOL → NEARETH → AVAXETH → ARBNPRO → NEARNPRO → USDC

View all token swap pairs →

xBTC to BTC: frequently asked questions

What to know before swapping OKX Wrapped BTC for Bitcoin

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