A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Kyrgyzstan
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure 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 wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been approved, you will immediately have access to your finances and you can initiate purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've marked this also. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you've located (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The “Total” field is the total price in Bitcoin that you will settle for the complete volumen of WBTC. When you are satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender sells their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.