A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Belize
Step 1 – Join Kraken You'll first need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been verified, you'll instantly have access to your finances and you can commence buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this too. Click on “WBTC/BTC” to go on.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin Once you've spotted Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The “Price” field will be filled automatically with the most latest valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The “Amount” field is the amount of WBTC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of WBTC. If you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.