How to Buy Wrapped Bitcoin (WBTC) in Germany

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

Step 1 – Signup to Kraken

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

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

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

Make sure you've chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

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

To find Wrapped Bitcoin (WBTC), you will need to put the shortname of the coin (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've highlighted this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buying (WBTC) Wrapped Bitcoin

Once 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 (on the Left of the picture). And now we are going to make our own Limit Order.

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

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Kudos! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Germany.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you are finished.