A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Finland
Step 1 – Join CEX.io You will first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can commence invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over 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 picture. Make sure you have choosen the correct grouping, we've marked this also. Click on “WBTC/BTC” to proceed.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you have spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The “Price” field will be filled with the up-to-date valuation (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of WBTC. If you're happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're trading, never keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.