How to Buy Wrapped Bitcoin (WBTC) in Romania

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

Step 1 – Join Kraken

You will first need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can start invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To find Wrapped Bitcoin (WBTC), you will 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 grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

As soon as you've spotted Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most recent price Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of WBTC you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of WBTC.

If you are happy, click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse 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 provided drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're finished.