How to Buy Wrapped Bitcoin (WBTC) in Gibraltar

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your first Ethereum or Bitcoin.

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you will instantly have access to your funds and you can commence invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

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

The “Price” field will be filled automatically with the most up-to-date tariff (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of WBTC you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of WBTC.

If you are glad, click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Gibraltar.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are done.