A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Seychelles
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you will directly have access to your finances and you can initiate invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying Wrapped Bitcoin (WBTC) Once you've found (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation Wrapped Bitcoin (WBTC) was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of WBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of WBTC. If you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.