A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Austria
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get your first $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can begin buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To locate Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have marked this also. Click on “WBTC/BTC” to go on.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) As soon as you have located Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The “Price” field will be filled with the most recent tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of WBTC you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of WBTC. If you are glad, click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an longer time frame. To withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.