A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Malta
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome 10 Dollar.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. 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 Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the correct coin you want to deposit. BTC 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 divergent (Follow our manual).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you will directly have access to your funds and you can commence purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have marked this also. Click on “WBTC/BTC” to go on.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin After you have found Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired rate. The “Amount” field is the volumen of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of WBTC. When you are satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. To take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.