A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Martinique
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been approved, you will now have access to your assets and you can begin purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we have highlighted this too. Click on “WBTC/BTC” to proceed.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin As soon as you've located Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of WBTC you want to purchase. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of WBTC. If you are happy, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored 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 minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.