How to Buy Wrapped Bitcoin (WBTC) in Russia

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

Step 1 – Signup to CEX.io

You'll first need to buy units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

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

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you'll instantly have access to your funds and you can commence purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then 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. Make sure you have selected the proper pairing, we've highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

After you have discovered (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The “Price” field will be filled automatically with the most recent tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the complete volumen of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vendor trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Russia.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you're finished.