A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Poland
Step 1 – Join CEX.io You will first need to purchase one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been approved, you will immediately have access to your finances and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've marked this also. Click on “WBTC/BTC” to continue.
Step 4 – Purchase Wrapped Bitcoin (WBTC) As soon as you have located (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The “Price” field will be filled with the recent rate (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of WBTC. If you're happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse 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 provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification before a take off.