How to Buy Wrapped Bitcoin (WBTC) in Madagascar

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you will immediately have access to your finances and you can initiate purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “WBTC/BTC” to advance.

Step 4 – Buy (WBTC) Wrapped Bitcoin

As soon as you have discovered (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be filled with the recent rate (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred price. The “Amount” field is the amount of WBTC you like to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of WBTC.

When you are glad, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You could be requested for email/phone verification before a take off.

Congratulations! You have successfully bought and stored (WBTC) Wrapped Bitcoin in Madagascar.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're done.