How to Buy Wrapped Bitcoin (WBTC) in Armenia

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can initiate invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

In order to discover (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “WBTC/BTC” to go on.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation (WBTC) Wrapped Bitcoin was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of WBTC you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of WBTC.

If you are satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an extensive time frame. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Armenia.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you are finished.