How to Buy Wrapped Bitcoin (WBTC) in Bulgaria

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

Step 1 – Signup to Kraken

You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your first Bitcoin or Ethereum.

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you will directly have access to your funds and you can initiate invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (WBTC) Wrapped Bitcoin, you'll need to put the short name of the asset (WBTC) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you have found (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our Limit Order.

The “Price” field will be filled with the most latest price Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of WBTC.

When you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Congrats! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Bulgaria.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.