How to Buy Wrapped Bitcoin (WBTC) in Costa Rica

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

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this too. Click on “WBTC/BTC” to advance.

Step 4 – Buy Wrapped Bitcoin (WBTC)

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

The “Price” field will be automatically filled with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of WBTC you like to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole quantity of WBTC.

When you are glad, click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're finished.