How to Buy Wrapped Bitcoin (WBTC) in Pakistan

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your first Ethereum or Bitcoin.

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been confirmed, you will now have access to your finances and you can begin invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we've marked this too. Click on “WBTC/BTC” to progress.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

As soon as you've found Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to create our Limit Order.

The “Price” field will be filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of WBTC.

When you're happy, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and stored (WBTC) Wrapped Bitcoin in Pakistan.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you're all done.