How to Buy Wrapped Bitcoin (WBTC) in Lesotho

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

Step 1 – Join Kraken

You will first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can launch buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll 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 insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

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

The “Price” field will be automatically filled with the most latest valuation (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole volumen of WBTC.

If you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an extended period of time. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congratulations! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Lesotho.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you're all done.