How to Buy Wrapped Bitcoin (WBTC) in Cabo Verde

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

Step 1 – Join CEX.io

You will first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) 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 Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you will instantly have access to your finances and you can launch buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To find (WBTC) Wrapped Bitcoin, you'll need to put the short name of the asset (WBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Buy (WBTC) Wrapped Bitcoin

As soon as you have located (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The “Price” field will be filled with the most up-to-date price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of WBTC you want to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the whole quantity of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, never keep your coins on an Exchange for an extended time frame. 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Cabo Verde.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're all done.