A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Cook Islands
Step 1 – Signup to CEX.io You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been approved, you will now have access to your funds and you can launch buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this too. Click on “WBTC/BTC” to continue.
Step 4 – Purchase Wrapped Bitcoin (WBTC) As soon as you have located (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The field with the “Price” tag will be filled with the recent price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of WBTC you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of WBTC. When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're trading, never keep your crypto on an Crypto Exchange for an extended period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.