A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Liechtenstein
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been confirmed, you will immediately have access to your assets and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchase Wrapped Bitcoin (WBTC) As soon as you've found Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired price. The “Amount” field is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of WBTC. If you're glad, click on “Buy WBTC”. Your order will be filled as soon as a Vendor sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example 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 shown fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.