How to Buy Wrapped Bitcoin (WBTC) in Lithuania

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

Step 1 – Join Kraken

You will first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your first Ethereum or Bitcoin.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the precise coin you would like to deposit.

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

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you will immediately have access to your funds and you can commence purchasing and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Buy Wrapped Bitcoin (WBTC)

As soon as you've spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (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 “Price” field will be filled automatically with the most up-to-date rate (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extensive time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Lithuania.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you're done.