A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Mali
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and to get your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been affirmed, you'll now have access to your funds and you can start purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “WBTC/BTC” to continue.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you've discovered (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of WBTC you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of WBTC. When you're glad, 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 regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via email/phone before a take off.