A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Burma
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an 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 available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you will instantly have access to your finances and you can start buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find (WBTC) Wrapped Bitcoin, you will 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 right grouping, we've marked this also. Click on “WBTC/BTC” to progress.
Step 4 – Buy Wrapped Bitcoin (WBTC) As soon as you've discovered (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of WBTC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of WBTC. If you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone before a take off.