How to Buy Wrapped Bitcoin (WBTC) in Portugal

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

Step 1 – Signup to Kraken

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 below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Funds to an Crypto Trader

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

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

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

The field with the “Price” tag will be automatically filled with the most latest valuation Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for verfication via email/phone before a take off.

Congrats! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Portugal.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you're all done.