A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Kuwait
Step 1 – Join CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been confirmed, you will instantly have access to your assets and you can start purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have highlighted this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying (WBTC) Wrapped Bitcoin Once you have spotted Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The “Price” field will be filled automatically with the latest rate Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of WBTC you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete quantity of WBTC. When you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vendor sells their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.