How to Buy Wrapped Bitcoin (WBTC) in Dominica

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Bitcoin or Ethereum.

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

Your Ethereum (ETH) or Bitcoin (BTC) 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're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you'll instantly have access to your assets and you can launch buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to continue.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you've discovered (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent price (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole quantity of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your Wrapped Bitcoin (WBTC), 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)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, click “Submit”. You may be requested for verfication via phone/email before a take off.

Kudos! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Dominica.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe inside your wallet, you're all done.