A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Norway
Step 1 – Signup to CEX.io You will first need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been approved, you will directly have access to your assets and you can commence buying and trading. To purchase Wrapped Bitcoin (WBTC) 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 will need to put the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “WBTC/BTC” to continue.
Step 4 – Acquisition of (WBTC) Wrapped Bitcoin After you've found Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The “Price” field will be automatically filled with the most up-to-date price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired price. The “Amount” field is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of WBTC. If you are 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 gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.