How to Buy Wrapped Bitcoin (WBTC) in Peru

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

Step 1 – Join CEX.io

You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and receive your first Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have selected the right 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 working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can start purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this also. Click on “WBTC/BTC” to go ahead.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

As soon as you've located (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. To take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and stored Wrapped Bitcoin (WBTC) in Peru.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are done.