A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Aruba
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been approved, you will immediately have access to your assets and you can launch buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin Once you've found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our Limit Order. The field with the “Price” tag will be filled with the recent tariff Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured price. The “Amount” field is the amount of WBTC you want to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of WBTC. When you are happy, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time period. To withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.