How to Buy Wrapped Bitcoin (WBTC) in Hungary

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your welcome 10$.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an 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. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been affirmed, you'll now have access to your funds and you can start invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to discover (WBTC) Wrapped Bitcoin, you will need to put the cointype (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

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

The “Price” field will be filled with the up-to-date price (WBTC) Wrapped Bitcoin was traded 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 field with the “Total” tag is the whole price in BTC that you'll pay for the whole volumen of WBTC.

When you're satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and 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 volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Congrats! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Hungary.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you're finished.