How to Buy Wrapped Bitcoin (WBTC) in Norfolk Island

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

Step 1 – Join Kraken

You'll first need to purchase units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

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

In order to locate (WBTC) Wrapped Bitcoin, you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

After you've discovered Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the recent price Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

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

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You could be asked for email/phone verification before a take off.

Congratulations! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Norfolk Island.

That's it!

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