How to Buy Wrapped Bitcoin (WBTC) in Bahrain

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the right 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, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

To discover Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have marked this also. Click on “WBTC/BTC” to advance.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

As soon as you've found (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired rate. The “Amount” field is the amount of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of WBTC.

When you're happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are done.