How to Buy Wrapped Bitcoin (WBTC) in Dominican Republic

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have 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 Coinbase funds to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you will immediately have access to your finances and you can start purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to spot (WBTC) Wrapped Bitcoin, you will need to insert the cointype (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “WBTC/BTC” to advance.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

After you have found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete volumen of WBTC.

If you're satisfied, click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

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

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Dominican Republic.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe in your wallet, you are all done.