A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Denmark
Step 1 – Signup to Kraken You will first need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need 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 will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the right coin you want 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 different (Follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will instantly have access to your funds and you can start invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “WBTC/BTC” to progress.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) Once you've located (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order. The “Price” field will be filled automatically with the most latest valuation (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of WBTC. If you're happy, click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be asked for phone/email verification before a withdrawal.