How to Buy Wrapped Bitcoin (WBTC) in Guinea-Bissau

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need 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 will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you will immediately have access to your assets and you can initiate purchasing 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 mouse click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we've highlighted this too. Click on “WBTC/BTC” to go on.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

After you have found (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest price (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired rate. The “Amount” field is the volumen of WBTC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, you should never keepyour coins on an Crypto Trader for an longer period of time. In order to take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Guinea-Bissau.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you are done.