A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Maldives
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been affirmed, you will immediately have access to your finances and you can commence purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “WBTC/BTC” to proceed.
Step 4 – Purchase Wrapped Bitcoin (WBTC) As soon as you have discovered (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the latest price (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured price. The “Amount” field is the amount of WBTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of WBTC. If you are satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an longer time period. To take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity 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 happy, click “Submit”. You may be requested for email/phone verification ahead of a take off.