A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in India
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been affirmed, you will directly have access to your assets and you can initiate purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to spot (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Buy (WBTC) Wrapped Bitcoin After you have located (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of WBTC you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of WBTC. If you're glad, 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 are trading, best advise is not to keep your crypto on an Crypto Trader for an longer time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.