How to Buy Wrapped Bitcoin (WBTC) in Libya

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will directly have access to your funds and you can commence purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

Once you've found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of WBTC you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of WBTC.

If you're satisfied, click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse 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 given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Libya.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you are finished.