A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Azerbaijan
Step 1 – Signup to Kraken You'll first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) 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're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been approved, you will directly have access to your assets and you can begin purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have highlighted this too. Click on “WBTC/BTC” to go on.
Step 4 – Purchase (WBTC) Wrapped Bitcoin Once you have located (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of WBTC you like to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of WBTC. When you're glad, click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extended period of time. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.