How to Buy Wrapped Bitcoin (WBTC) in Eritrea

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

Step 1 – Join CEX.io

You will first need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your welcome Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you'll directly have access to your funds and you can launch invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we have marked this too. Click on “WBTC/BTC” to progress.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

Once you've located (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired price. The “Amount” field is the volumen of WBTC you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of WBTC.

If you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extensive time period. To take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congratulations! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Eritrea.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're all done.