How to Buy Wrapped Bitcoin (WBTC) in Namibia

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you'll directly have access to your assets and you can start purchasing and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” 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 proper pairing, we've highlighted this also. Click on “WBTC/BTC” to advance.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

As soon as you've found Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of WBTC you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of WBTC.

When you're satisfied, 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 (WBTC) Wrapped Bitcoin

Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Kudos! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Namibia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're done.