How to Buy Wrapped Bitcoin (WBTC) in Mozambique

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

Step 1 – Join Kraken

You will first need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and to get your welcome Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can initiate 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”.

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 proper pairing, we have highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

As soon as you've located (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The “Price” field will be filled with the most recent price (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred price. The “Amount” field is the amount of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

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

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Mozambique.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe inside your wallet, you are all done.