How to Buy Wrapped Bitcoin (WBTC) in Saint Martin

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will immediately have access to your finances and you can commence invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to progress.

Step 4 – Buying (WBTC) Wrapped Bitcoin

Once you've discovered (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of WBTC you want to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete amount of WBTC.

If you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. In order to take off your (WBTC) Wrapped Bitcoin, go to 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 (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You've successfully bought and stored (WBTC) Wrapped Bitcoin in Saint Martin.

That's it!

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