A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Northern Mariana Islands
Step 1 – Signup to CEX.io You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you will now have access to your funds and you can initiate purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “WBTC/BTC” to proceed.
Step 4 – Buy (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 (Leftside of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of WBTC. If you are glad, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.