How to Buy Wrapped Bitcoin (WBTC) in Sao Tome And Principe

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Sao Tome And Principe

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been approved, you'll directly have access to your finances and you can commence buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this also. Click on “WBTC/BTC” to progress.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

After you've spotted (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The “Price” field will be automatically filled with the recent valuation (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of WBTC you like to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the complete amount of WBTC.

When you're satisfied, click on “Buy WBTC”. Your plan will be filled when a Vendor trades their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an extended time period. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Sao Tome And Principe.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you're finished.