A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Comoros
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin 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, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been verified, you'll directly have access to your assets and you can start invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To find Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchase (WBTC) Wrapped Bitcoin Once you've spotted (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date tariff 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 field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of WBTC. When you're happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.