How to Buy Wrapped Bitcoin (WBTC) in Cyprus

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you'll immediately have access to your funds and you can initiate invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To discover 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 correct grouping, we have highlighted this too. Click on “WBTC/BTC” to advance.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you have located Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order.

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

When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer period of time. To take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are satisfied, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully bought and stored Wrapped Bitcoin (WBTC) in Cyprus.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you are finished.