How to Buy Wrapped Bitcoin (WBTC) in New Caledonia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been approved, you will directly have access to your finances and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this also. Click on “WBTC/BTC” to go ahead.

Step 4 – Buying Wrapped Bitcoin (WBTC)

After you've found Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our own Limit Order.

The “Price” field will be automatically filled with the up-to-date rate (WBTC) Wrapped Bitcoin was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of WBTC you like to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time period. In order to take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and safed (WBTC) Wrapped Bitcoin in New Caledonia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you're finished.