How to Buy Wrapped Bitcoin (WBTC) in Cambodia

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

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

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

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

To discover Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buying (WBTC) Wrapped Bitcoin

After you've spotted (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 image). Next we are going to create our own Limit Order.

The “Price” field will be filled with the most recent valuation (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of WBTC you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of WBTC.

If you are glad, 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 Wrapped Bitcoin (WBTC)

Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Cambodia.

That's it!

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