A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Pitcairn Islands
Step 1 – Join CEX.io You will first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been confirmed, you will immediately have access to your funds and you can begin purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (WBTC) Wrapped Bitcoin, you will need to put the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “WBTC/BTC” to continue.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you've found Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our Limit Order. The field with the “Price” tag will be filled with the most recent tariff Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete amount of WBTC. When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, never keep your crypto on an Crypto Exchange for an longer time period. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.