A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Reunion
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will instantly have access to your funds and you can launch purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) As soon as you've found (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred price. The “Amount” field is the amount of WBTC you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of WBTC. When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells 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 Crypto Trader for an extensive period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.