A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Brunei
Step 1 – Join Kraken You'll first need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will now have access to your assets and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying Wrapped Bitcoin (WBTC) As soon as you have located Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The “Price” field will be filled automatically with the recent valuation (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of WBTC. When you are glad, click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extensive time frame. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.