A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in French Guiana
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and receive your welcome $10.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been verified, you'll directly have access to your finances and you can start buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “WBTC/BTC” to go on.
Step 4 – Buying Wrapped Bitcoin (WBTC) After you've found (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of WBTC. When you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.