How to Buy Wrapped Bitcoin (WBTC) in Indonesia

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

Step 1 – Join CEX.io

You will first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Funds to an Exchange

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will now have access to your finances and you can launch buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “WBTC/BTC” to progress.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

Once you have spotted Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Kudos! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Indonesia.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're all done.