How to Buy Wrapped Bitcoin (WBTC) in Malawi

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your welcome 10$.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

To locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

Once you have found Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our Limit Order.

The “Price” field will be filled with the latest valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of WBTC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of WBTC.

When you are satisfied, make a mouse click on “Buy WBTC”. Your order 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 frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.

Kudos! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Malawi.

That's it!

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