How to Buy Wrapped Bitcoin (WBTC) in El Salvador

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

Step 1 – Join Kraken

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

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you'll instantly have access to your finances and you can initiate purchasing and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this too. Click on “WBTC/BTC” to advance.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

After you've located (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the 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 want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of WBTC.

If you're glad, click on “Buy WBTC”. Your plan will be filled as soon as 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 Exchange for an extensive time frame. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Kudos! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in El Salvador.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you are all done.