How to Buy Wrapped Bitcoin (WBTC) in Montenegro

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

Step 1 – Signup to Kraken

You'll first need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

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

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll now have access to your finances and you can commence purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this also. Click on “WBTC/BTC” to go on.

Step 4 – Buying (WBTC) Wrapped Bitcoin

As soon as you have discovered Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price (WBTC) Wrapped Bitcoin was sold for. This can be changed to your preferred price. The “Amount” field is the amount of WBTC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of WBTC.

If you are happy, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, best advise is not to keep your coins on an Crypto Trader for an extensive period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Montenegro.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe within your wallet, you're finished.