How to Buy Wrapped Bitcoin (WBTC) in Guinea

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

Step 1 – Join CEX.io

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (WBTC) Wrapped Bitcoin

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

To locate (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this too. Click on “WBTC/BTC” to progress.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

After you have spotted (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our own Limit Order.

The “Price” field will be filled with the latest tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of WBTC.

When you're glad, click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. To withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, click on “Submit”. You may be requested for email/phone verification before a take off.

Congrats! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Guinea.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you're finished.