How to Buy Wrapped Bitcoin (WBTC) in Micronesia

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and receive your welcome $10.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can start invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to locate (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we have marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

Once you have located Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our Limit Order.

The “Price” field will be filled automatically with the most latest tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured price. 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 will settle for the complete amount of WBTC.

When you're glad, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you are happy, click on “Submit”. You could be asked for email/phone verification before a take off.

Kudos! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Micronesia.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're all done.