A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Oman
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been approved, you'll now have access to your assets and you can commence purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this also. Click on “WBTC/BTC” to proceed.
Step 4 – Buy (WBTC) Wrapped Bitcoin After you have discovered Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The “Price” field will be filled automatically with the most latest tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of WBTC. If you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an longer time frame. In order 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.