How to Buy Wrapped Bitcoin (WBTC) in Kazakhstan

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

Step 1 – Signup to Kraken

You'll first need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

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 similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

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

To spot (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

As soon as you've located Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of WBTC you like to buy. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of WBTC.

If you're happy, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Kazakhstan.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored within your wallet, you're finished.