How to Buy Wrapped Bitcoin (WBTC) in Czechia

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you have selected the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been affirmed, you will instantly have access to your funds and you can launch buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

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

Step 4 – Purchase (WBTC) Wrapped Bitcoin

After you've discovered (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to make our Limit Order.

The “Price” field will be automatically filled with the most latest valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of WBTC you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole volumen of WBTC.

When you are satisfied, click on “Buy WBTC”. Your plan will be filled when a Seller sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, never keep your crypto on an Exchange for an extended time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You could be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Czechia.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are all done.