A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Grenada
Step 1 – Join CEX.io You will first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you will directly have access to your funds and you can commence purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you have discovered Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our Limit Order. The field with the “Price” tag will be filled with the most latest price (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired rate. The “Amount” field is the quantity of WBTC you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete volumen of WBTC. If you are happy, click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.