A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Jersey
Step 1 – Signup to CEX.io You will first need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and to get your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To discover (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've marked this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Acquisition of (WBTC) Wrapped Bitcoin As soon as you've found Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of WBTC you like to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of WBTC. When you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, never keep your coins on an Crypto Exchange for an extended time frame. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.