A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Kiribati
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your first Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange 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 funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been affirmed, you will immediately have access to your finances and you can start invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and then 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. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “WBTC/BTC” to progress.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin As soon as you've located 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 picture). Next we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The “Amount” field is the amount of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of WBTC. When you're glad, click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.