How to Buy Wrapped Bitcoin (WBTC) in Belgium

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've selected the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will directly have access to your funds and you can initiate buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to spot (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we've highlighted this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

Once you have located Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the up-to-date price (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of WBTC you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of WBTC.

When you're satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vendor sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. 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, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Belgium.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.