How to Buy Wrapped Bitcoin (WBTC) in American Samoa

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in American Samoa

Step 1 – Join CEX.io

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you will need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

As soon as you've spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order.

The “Price” field will be automatically filled with the most recent price (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole volumen of WBTC.

If you are glad, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vendor sells their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and stored Wrapped Bitcoin (WBTC) in American Samoa.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you're finished.