How to Buy Wrapped Bitcoin (WBTC) in Chile

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

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your welcome Ethereum or Bitcoin.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you will immediately have access to your funds and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you will need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we've marked this also. Click on “WBTC/BTC” to advance.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

Once you have spotted Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of WBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Chile.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are finished.