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 Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

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

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

Make sure you have selected the correct coin you wish to deposit.

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

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can begin buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've marked this also. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

As soon as you have found Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of WBTC.

When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, never keep your crypto on an Crypto Exchange for an extensive time period. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you're done.