A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Guyana
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you'll immediately have access to your funds and you can initiate invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've marked this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you've found (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the latest tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of WBTC you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of WBTC. When you're glad, click on “Buy WBTC”. Your plan will be filled when a Seller sells their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're regularly trading, never keep your crypto 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”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.