How to Buy Wrapped Bitcoin (WBTC) in Qatar

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you'll immediately have access to your funds and you can start purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

After you've found Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of WBTC you want to purchase. The “Total” field is the total price in BTC that you will settle for the whole volumen of WBTC.

When you are satisfied, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you're happy, click on “Submit”. You may be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and safed (WBTC) Wrapped Bitcoin in Qatar.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe in your wallet, you are all done.