A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Bahamas
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an 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 Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will immediately have access to your finances and you can begin invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To find (WBTC) Wrapped Bitcoin, you'll need to put the short name of the asset (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Buying (WBTC) Wrapped Bitcoin As soon as you have located Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation 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 field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of WBTC. When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you gave.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. 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 demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.