How to Buy Wrapped Bitcoin (WBTC) in Jamaica

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

Step 1 – Join CEX.io

You'll first need to purchase one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to locate (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

After you have spotted Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of WBTC you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, never keep your crypto on an Exchange for an extensive time frame. To withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Jamaica.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are all done.