How to Buy Wrapped Bitcoin (WBTC) in Brazil

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your BTC (Bitcoin) or ETH (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 sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you'll immediately have access to your funds and you can commence purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've highlighted this too. Click on “WBTC/BTC” to advance.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

Once you've spotted Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order.

The “Price” field will be filled automatically with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the total price in BTC that you'll pay for the complete volumen of WBTC.

If you are glad, click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. To take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and stored Wrapped Bitcoin (WBTC) in Brazil.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe within your wallet, you're finished.