How to Buy Wrapped Bitcoin (WBTC) in Paraguay

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will now have access to your finances and you can commence purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To find Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this also. Click on “WBTC/BTC” to progress.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you have located (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you want to purchase. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of WBTC.

When you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

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

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Paraguay.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are finished.