A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Bolivia
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and receive your first Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency 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. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) 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 ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To spot (WBTC) Wrapped Bitcoin, you'll need to insert the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you've found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The “Amount” field is the amount of WBTC you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete quantity of WBTC. When you're glad, 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, never keep your crypto on an Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.