How to Buy Wrapped Bitcoin (WBTC) in Lebanon

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

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and getting your first Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been confirmed, you'll now have access to your funds and you can commence invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you have spotted Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of WBTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of WBTC.

When you are happy, click on “Buy WBTC”. Your plan will be filled when a Seller sells their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter 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 right withdraw address.

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

Congrats! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Lebanon.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're all done.