A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Saint Kitts And Nevis
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been approved, you'll instantly have access to your funds and you can launch purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To locate (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “WBTC/BTC” to advance.
Step 4 – Buy Wrapped Bitcoin (WBTC) Once you've located Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The “Price” field will be filled automatically with the up-to-date price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of WBTC you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of WBTC. If you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the volumen of Wrapped Bitcoin (WBTC) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, click on “Submit”. You may be requested for phone/email verification before a take off.