How to Buy Wrapped Bitcoin (WBTC) in Canada

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first Ethereum or Bitcoin.

Step 2 – Transfer Your Funds to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you will directly have access to your assets and you can begin invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), 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 correct pairing, we have marked this also. Click on “WBTC/BTC” to progress.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

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

The field with the “Price” tag will be automatically filled with the up-to-date valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of WBTC.

When you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, you should never keepyour coins on an Exchange 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 securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Congrats! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Canada.

That's it!

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