A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Samoa
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) 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 alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been approved, you will now have access to your funds and you can commence invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot (WBTC) Wrapped Bitcoin, you will need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “WBTC/BTC” to advance.
Step 4 – Buy (WBTC) Wrapped Bitcoin Once you've located (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of WBTC. When you're 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 offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.