A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Fiji
Step 1 – Join CEX.io You'll first need to buy one of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you will directly have access to your funds and you can begin invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin After you've spotted (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The “Price” field will be filled with the up-to-date price (WBTC) Wrapped Bitcoin was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of WBTC. When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, click on “Submit”. You could be asked for verfication via email/phone before a take off.