How to Buy Wrapped Bitcoin (WBTC) in Cuba

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you'll directly have access to your finances and you can launch purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

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

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

As soon as you have discovered (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of WBTC you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of WBTC.

When you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, you should never keepyour crypto on an Exchange for an extended period of time. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and 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 provided 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 right withdraw address.

When you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Cuba.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you're all done.