How to Buy Wrapped Bitcoin (WBTC) in Belarus

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

Step 1 – Join Kraken

You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you've selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will instantly have access to your finances and you can start invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To discover Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have marked this also. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

Once you have located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of WBTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and stored (WBTC) Wrapped Bitcoin in Belarus.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're all done.