A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Liberia
Step 1 – Join Kraken You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been affirmed, you will directly have access to your finances and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Buying Wrapped Bitcoin (WBTC) After you've located (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the most up-to-date price Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of WBTC. If you are happy, click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extended time period. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a take off.