A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Italy
Step 1 – Join CEX.io You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can initiate buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “WBTC/BTC” to go on.
Step 4 – Buying Wrapped Bitcoin (WBTC) Once you have discovered Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order. The “Price” field will be filled with the most up-to-date price (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured rate. The “Amount” field is the amount of WBTC you like to purchase. The “Total” field is the whole price in BTC that you will settle for the complete quantity of WBTC. If you are happy, 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 regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. To withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.