How to Buy Wrapped Bitcoin (WBTC) in Nepal

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an 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 similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been confirmed, you'll now have access to your funds and you can start purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

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

Step 4 – Buying (WBTC) Wrapped Bitcoin

Once you've found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order.

The “Price” field will be automatically filled with the most latest tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of WBTC.

If you're glad, click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, never keep your crypto coins on an Exchange for an longer time frame. To withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You have successfully bought and stored (WBTC) Wrapped Bitcoin in Nepal.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are finished.