A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Bhutan
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your welcome Ethereum or Bitcoin.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will now have access to your funds and you can commence invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to find (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “WBTC/BTC” to go on.
Step 4 – Purchase Wrapped Bitcoin (WBTC) After you've located (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the recent valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The “Total” field is the whole price in BTC that you will settle for the whole volumen of WBTC. When you're happy, click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, you should never keepyour coins on an Exchange for an longer period of time. To withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.