How to Buy Wrapped Bitcoin (WBTC) in Gabon

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

Step 1 – Join CEX.io

You will first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you will immediately have access to your assets and you can begin purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To locate (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search box, which is marked in the graphic. Be certain of having selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

As soon as you've found Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the most recent rate (WBTC) Wrapped Bitcoin was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of WBTC you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of WBTC.

When you're glad, click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. To take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

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

Congrats! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Gabon.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are all done.