A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Guam
Step 1 – Join CEX.io You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been confirmed, you will now have access to your funds and you can launch invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot (WBTC) Wrapped Bitcoin, you'll need to put the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Buy Wrapped Bitcoin (WBTC) Once you have located (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the complete quantity of WBTC. If you're happy, click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. In order to take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.