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 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

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

In order to discover Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we have marked this also. Click on “WBTC/BTC” to progress.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

As soon as you have found Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of WBTC.

If you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades 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 Trader for an extensive time frame. To take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You could be requested for phone/email verification before a take off.

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

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're all done.