How to Buy Wrapped Bitcoin (WBTC) in Benin

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

Step 1 – Join Kraken

You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

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

To spot (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

Once you've found Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be filled automatically with the recent price Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of WBTC you want to purchase. The “Total” field is the total price in BTC that you will settle for the complete volumen of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse 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. Enter the volumen of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you are happy, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and stored (WBTC) Wrapped Bitcoin in Benin.

That's it!

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