How to Buy Wrapped Bitcoin (WBTC) in Saint Pierre And Miquelon

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will instantly have access to your assets and you can commence purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this also. Click on “WBTC/BTC” to advance.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

Once you've spotted (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our own 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. This can be changed to your favoured price. The field with the “Amount” tag is the volumen 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're glad, click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Congratulations! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Saint Pierre And Miquelon.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're done.