How to Buy Wrapped Bitcoin (WBTC) in Kenya

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your first Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will immediately have access to your finances and you can initiate buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

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

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our Limit Order.

The “Price” field will be filled with the latest price Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of WBTC.

When you're glad, click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You could be requested for email/phone verification before a take off.

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you're finished.