How to Buy Wrapped Bitcoin (WBTC) in Macau

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

Step 1 – Join Kraken

You will first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your first Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To invest in 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 discover Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “WBTC/BTC” to go on.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

Once you've found Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of WBTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of WBTC.

If you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You have successfully bought and stored Wrapped Bitcoin (WBTC) in Macau.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are finished.