How to Buy Wrapped Bitcoin (WBTC) in Cameroon

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin or Ethereum.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto 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 sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you will immediately have access to your funds and you can begin invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To find (WBTC) Wrapped Bitcoin, you will need to insert the cointype (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

After you have found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The “Price” field will be filled with the latest valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of WBTC you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, never keep your crypto on an Exchange for an extended time frame. To take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin 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 on “Submit”. You may be requested for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Cameroon.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe inside your wallet, you are all done.