How to Buy Wrapped Bitcoin (WBTC) in Netherlands

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you will directly have access to your finances and you can begin invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To locate (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to proceed.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

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

The “Price” field will be filled automatically with the up-to-date price (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured price. The “Amount” field is the quantity of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of WBTC.

When you're glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Netherlands.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you're all done.