A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Ireland
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
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 start buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin As soon as you have discovered Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the whole amount of WBTC. If you are happy, 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 (WBTC) Wrapped Bitcoin Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extended time frame. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.