How to Buy Wrapped Bitcoin (WBTC) in Rwanda

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you'll immediately have access to your finances and you can start invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Buy (WBTC) Wrapped Bitcoin

After you've located (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of WBTC you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of WBTC.

When you are happy, click on “Buy WBTC”. Your order will be filled when a Vendor sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely 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 (WBTC) Wrapped Bitcoin you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Rwanda.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you're all done.