How to Buy Wrapped Bitcoin (WBTC) in Ethiopia

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get your first 10 Dollar.

Step 2 – Transmit Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange 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? (Follow these easy steps)

Make sure you've chosen the correct coin you want to deposit.

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

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to progress.

Step 4 – Buy Wrapped Bitcoin (WBTC)

Once you have located Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of WBTC you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole amount of WBTC.

If you are satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, never keep your crypto on an Exchange for an extensive time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Ethiopia.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.