A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Mayotte
Step 1 – Join Kraken You'll first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) 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 sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you'll immediately have access to your finances and you can begin buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have marked this too. Click on “WBTC/BTC” to continue.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you have found (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The “Price” field will be automatically filled with the recent price Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of WBTC. If you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click on “Submit”. You could be asked for verfication via email/phone before a take off.