A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Chad
Step 1 – Signup to Kraken You will first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you'll now have access to your funds and you can initiate invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “WBTC/BTC” to progress.
Step 4 – Purchase Wrapped Bitcoin (WBTC) After you've spotted (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The “Total” field is the whole price in BTC that you will pay for the complete quantity of WBTC. When you're glad, click on “Buy WBTC”. Your plan will be filled when a Vendor trades their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extended time period. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.