How to Buy Wrapped Bitcoin (WBTC) in Senegal

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Senegal

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been approved, you will immediately have access to your assets and you can start buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To discover (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

As soon as you've spotted Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our Limit Order.

The “Price” field will be automatically filled with the most recent tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of WBTC you like to purchase. The “Total” field is the total price in BTC that you'll settle for the complete amount of WBTC.

If you are glad, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, 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 Senegal.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you are done.