A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Lesotho
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your first $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been approved, you will now have access to your assets and you can begin purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To find Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “WBTC/BTC” to progress.
Step 4 – Purchase (WBTC) Wrapped Bitcoin As soon as you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The “Price” field will be filled automatically with the latest price (WBTC) Wrapped Bitcoin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of WBTC. If you are happy, click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are trading, never keep your crypto on an Exchange for an longer time frame. To take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.