How to Buy Wrapped Bitcoin (WBTC) in Iran

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

Step 1 – Join CEX.io

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your first Ethereum or Bitcoin.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been approved, you will instantly have access to your funds and you can start invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and 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 image. Be certain of having choosen the correct grouping, we've marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred rate. The “Amount” field is the amount of WBTC you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congratulations! You've successfully bought and safed (WBTC) Wrapped Bitcoin in Iran.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you are all done.