A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Bangladesh
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an 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 alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying Wrapped Bitcoin (WBTC) After you've located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of WBTC you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of WBTC. When you are happy, click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.