How to Buy Wrapped Bitcoin (WBTC) in Cayman Islands

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

Step 1 – Join CEX.io

You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you'll now have access to your finances and you can initiate buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

Once you've spotted Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured price. The “Amount” field is the amount of WBTC you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

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

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You may be requested for phone/email verification ahead of a take off.

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're done.