How to Buy Wrapped Bitcoin (WBTC) in Egypt

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have 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 Trader? (Follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll now have access to your assets and you can begin purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

Once you have spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order.

The “Price” field will be filled with the up-to-date price Wrapped Bitcoin (WBTC) was traded for. You can change this to your desired rate. The “Amount” field is the quantity of WBTC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Egypt.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're finished.