How to Buy Wrapped Bitcoin (WBTC) in New Zealand

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

Step 1 – Join Kraken

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

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can start buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to spot (WBTC) Wrapped Bitcoin, 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 choosen the proper grouping, we have highlighted this also. Click on “WBTC/BTC” to proceed.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order.

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

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click “Submit”. You may be asked for phone/email verification before a take off.

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

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're all done.