A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Saint Vincent And The Grenadines
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will 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 right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you will need to put the shortname of the coin (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “WBTC/BTC” to progress.
Step 4 – Purchase (WBTC) Wrapped Bitcoin As soon as you've located (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The “Price” field will be automatically filled with the up-to-date valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired rate. The “Amount” field is the amount of WBTC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of WBTC. When you are glad, click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, never keep your coins on an Exchange for an longer time period. To withdraw your Wrapped Bitcoin (WBTC), hover over 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 given drop-down box. Drop in the quantity of (WBTC) Wrapped Bitcoin you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.