A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Japan
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can begin buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we have marked this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin As soon as you've located Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of WBTC you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of WBTC. If you are happy, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.