How to Buy Wrapped Bitcoin (WBTC) in Saint Barthelemy

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

Step 1 – Signup to Kraken

You will first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot (WBTC) Wrapped Bitcoin, you will need to insert the shortname of the coin (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to advance.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

Once you've located Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congratulations! You have successfully bought and stored Wrapped Bitcoin (WBTC) in Saint Barthelemy.

That's it!

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