A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Botswana
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been approved, you will immediately have access to your assets and you can begin buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) As soon as you have located (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the recent price Wrapped Bitcoin (WBTC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of WBTC. When you are glad, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time frame. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.