A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Montserrat
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've 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 on. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence buying and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchase (WBTC) Wrapped Bitcoin As soon as you have spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The field with the “Price” tag will be filled with the recent price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of WBTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of WBTC. If you are glad, click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.