How to Buy Wrapped Bitcoin (WBTC) in Burkina Faso

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

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will immediately have access to your funds and you can start buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we've marked this also. Click on “WBTC/BTC” to continue.

Step 4 – Buy Wrapped Bitcoin (WBTC)

After you have spotted Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The “Amount” field is the amount of WBTC you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of WBTC.

If you're glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Burkina Faso.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you are all done.