How to Buy Wrapped Bitcoin (WBTC) in Malaysia

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

Step 1 – Join Kraken

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

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To discover (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Buy (WBTC) Wrapped Bitcoin

Once you've found Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole amount of WBTC.

If you're happy, click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, never keep your coins on an Crypto Exchange for an extensive time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

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

That's it!

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