How to Buy Wrapped Bitcoin (WBTC) in Djibouti

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you'll directly have access to your finances and you can launch purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

As soon as you've located Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

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

When you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extended time period. To take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the quantity of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed Wrapped Bitcoin (WBTC) in Djibouti.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you're done.