How to Buy Wrapped Bitcoin (WBTC) in Hong Kong

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your first 10$.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just 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, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To discover Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've marked this also. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

As soon as you've spotted (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The “Price” field will be automatically filled with the recent rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of WBTC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of WBTC.

When you are glad, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, never keep your crypto on an Exchange for an longer time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.

Congratulations! You've successfully purchased and safed Wrapped Bitcoin (WBTC) in Hong Kong.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you're all done.