How to Buy Wrapped Bitcoin (WBTC) in Panama

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

Step 1 – Join Kraken

You'll first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can commence buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

Once you've located (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our Limit Order.

The “Price” field will be automatically filled with the recent tariff (WBTC) Wrapped Bitcoin was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of WBTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of WBTC.

If you're glad, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vendor trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Panama.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you are done.