How to Buy Wrapped Bitcoin (WBTC) in Mongolia

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your first 10$.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. 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 Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To locate Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Buying Wrapped Bitcoin (WBTC)

After you have spotted Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are making our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of WBTC you wish to purchase. The “Total” field is the aggregated price in BTC that you will pay for the complete quantity of WBTC.

If you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you introduced.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, you should never keepyour coins on an Crypto Trader for an extensive time period. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a take off.

Kudos! You've successfully purchased and stored (WBTC) Wrapped Bitcoin in Mongolia.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe in your wallet, you're all done.