How to Buy Wrapped Bitcoin (WBTC) in China

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

Step 1 – Signup to Kraken

You will first need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Wrapped Bitcoin (WBTC)

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

To spot (WBTC) Wrapped Bitcoin, you will need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've highlighted this too. Click on “WBTC/BTC” to advance.

Step 4 – Buy Wrapped Bitcoin (WBTC)

After you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to make our Limit Order.

The “Price” field will be filled automatically with the most recent price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of WBTC you like to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and safed (WBTC) Wrapped Bitcoin in China.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe inside your wallet, you are all done.