How to Buy Wrapped Bitcoin (WBTC) in Ecuador

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your welcome Ethereum or Bitcoin.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you will instantly have access to your funds and you can launch purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

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

Step 4 – Buy (WBTC) Wrapped Bitcoin

As soon as you've spotted Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you want to buy. The “Total” field is the total price in BTC that you'll settle for the complete quantity of WBTC.

When you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

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

Kudos! You've successfully purchased and stored Wrapped Bitcoin (WBTC) in Ecuador.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe inside your wallet, you're finished.