How to Buy Wrapped Bitcoin (WBTC) in Greenland

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your welcome 10 Dollar.

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) 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 example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Wrapped Bitcoin (WBTC)

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

In order to spot (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

Once you've found Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are making our Limit Order.

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

When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Greenland.

That's it!

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