How to Buy Wrapped Bitcoin (WBTC) in Gambia

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

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Funds to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will instantly have access to your assets and you can commence invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “WBTC/BTC” to go on.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

As soon as you have spotted Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender trades their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, never keep your crypto on an Exchange for an extensive time period. To take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.

Congrats! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Gambia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're done.