How to Buy Wrapped Bitcoin (WBTC) in Latvia

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you'll directly have access to your finances and you can commence invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Buying Wrapped Bitcoin (WBTC)

After you've discovered Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred price. The “Amount” field is the amount of WBTC you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

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

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe within your wallet, you are finished.