A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Estonia
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. 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? (Just follow this guide) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you will directly have access to your funds and you can commence invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to spot (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you have found (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of WBTC. If you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender trades their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a take off.