A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Niue
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “WBTC/BTC” to continue.
Step 4 – Purchase (WBTC) Wrapped Bitcoin Once you've located (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order. The “Price” field will be automatically filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The “Total” field is the total price in BTC that you'll pay for the complete amount of WBTC. If you're glad, click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. To take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You may be asked for phone/email verification before a withdrawal.