A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Barbados
Step 1 – Join Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “WBTC/BTC” to go on.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you've found (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured price. The “Amount” field is the quantity of WBTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of WBTC. If you are happy, click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.