How to Buy Wrapped Bitcoin (WBTC) in China

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

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome $10.

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

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

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you'll now have access to your finances and you can begin purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this too. Click on “WBTC/BTC” to progress.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

Once you've located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of WBTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of WBTC.

When you are satisfied, click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. In order to take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Kudos! You've successfully purchased and stored Wrapped Bitcoin (WBTC) in China.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are all done.