How to Buy Wrapped Bitcoin (WBTC) in Ethiopia

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

Step 1 – Join Kraken

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

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse 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 graphic. Be certain of having selected the right grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you've discovered (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to create our Limit Order.

The “Price” field will be automatically filled with the most up-to-date price (WBTC) Wrapped Bitcoin was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of WBTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of WBTC.

When you're happy, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully bought and stored (WBTC) Wrapped Bitcoin in Ethiopia.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are done.