How to Buy Wrapped Bitcoin (WBTC) in Saint Helena

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (WBTC) Wrapped Bitcoin

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

In order to locate (WBTC) Wrapped Bitcoin, you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “WBTC/BTC” to progress.

Step 4 – Buying Wrapped Bitcoin (WBTC)

Once you have spotted (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (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 automatically filled with the most recent valuation (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of WBTC you like to purchase. The “Total” field is the total price in BTC that you'll settle for the whole amount of WBTC.

If you are satisfied, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

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

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

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored within your wallet, you are all done.