A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in San Marino
Step 1 – Join Kraken You'll first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been approved, you will instantly have access to your assets and you can commence buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To locate (WBTC) Wrapped Bitcoin, you will need to put the cointype (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying Wrapped Bitcoin (WBTC) Once you have located Wrapped Bitcoin (WBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of WBTC. If you are glad, click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.