A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Belize
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your first $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been approved, you'll instantly have access to your funds and you can start invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you've located Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of WBTC you like to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of WBTC. If you're satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an longer period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You may be asked for phone/email verification before a withdrawal.