A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Saint Lucia
Step 1 – Join Kraken You'll first need to buy one of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you'll now have access to your funds and you can launch invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we have highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Purchase (WBTC) Wrapped Bitcoin After you have located Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff Wrapped Bitcoin (WBTC) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of WBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of WBTC. When you are satisfied, click on “Buy WBTC”. Your order will be filled when a Vendor sells their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're trading, never keep your crypto on an Crypto Exchange for an longer period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.