A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Malta
Step 1 – Join Kraken You will first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been confirmed, you'll directly have access to your finances and you can launch buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Buy (WBTC) Wrapped Bitcoin As soon as you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our Limit Order. The “Price” field will be automatically filled with the most latest rate (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you want to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of WBTC. If you're satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, never keep your coins on an Crypto Trader for an extensive time frame. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, click “Submit”. You may be requested for phone/email verification ahead of a take off.