A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Fiji
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can launch purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you will need to insert the cointype (WBTC) into the search-box, which is highlighted in the picture. Be certain of having selected the right pairing, we have highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Buy Wrapped Bitcoin (WBTC) As soon as you've found Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the most recent rate Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of WBTC you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of WBTC. If you're glad, make a mouse click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an longer time period. To take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.