How to Buy Wrapped Bitcoin (WBTC) in French Polynesia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an 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 example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll now have access to your finances and you can start purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Buy Wrapped Bitcoin (WBTC)

Once you have discovered (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of WBTC you want to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete amount of WBTC.

When you're glad, click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. To take off your Wrapped Bitcoin (WBTC), hover over 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)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and stored Wrapped Bitcoin (WBTC) in French Polynesia.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.