How to Buy Wrapped Bitcoin (WBTC) in Christmas Island

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your first 10$.

Step 2 – Transfer Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. 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? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will now have access to your finances and you can begin invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we've highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Buy (WBTC) Wrapped Bitcoin

As soon as you have discovered Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're creating our Limit Order.

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

If you are satisfied, click on “Buy WBTC”. Your plan will be filled when a Vender sells their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, best advise is not to keep your crypto on an Crypto Trader for an longer time frame. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Congratulations! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Christmas Island.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you are done.