How to Buy Wrapped Bitcoin (WBTC) in Philippines

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

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you'll immediately have access to your finances and you can launch buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “WBTC/BTC” to go on.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

Once you have discovered (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The “Price” field will be automatically filled with the recent price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of WBTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. To withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely 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'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

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

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you are done.