A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Lithuania
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive your first 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been affirmed, you will directly have access to your finances and you can start buying and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To find (WBTC) Wrapped Bitcoin, you'll need to insert the shortname of the coin (WBTC) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin Once you've located Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the recent price Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of WBTC you wish to purchase. The “Total” field is the total price in BTC that you will pay for the complete volumen of WBTC. If you're 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 gave.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.