How to Buy Wrapped Bitcoin (WBTC) in Israel

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need 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 example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you'll directly have access to your funds and you can begin buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to progress.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

After you have found Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to create our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of WBTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of WBTC.

If you're satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Israel.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're all done.