How to Buy Wrapped Bitcoin (WBTC) in Mexico

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Mexico

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Bitcoin or Ethereum.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been approved, you will directly have access to your finances and you can begin invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To discover (WBTC) Wrapped Bitcoin, you will need to insert the short name of the asset (WBTC) into the search-box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

Once you have located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The “Price” field will be filled with the most up-to-date price (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of WBTC you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole quantity of WBTC.

When you're happy, click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Mexico.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you are done.