A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Andorra
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been confirmed, you will instantly have access to your assets and you can launch invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate (WBTC) Wrapped Bitcoin, you will need to insert the short name of the asset (WBTC) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've marked this also. Click on “WBTC/BTC” to go on.
Step 4 – Purchase (WBTC) Wrapped Bitcoin As soon as you have discovered Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of WBTC. If you are glad, click on “Buy WBTC”. Your plan will be filled when a Seller sells their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.