How to Buy Wrapped Bitcoin (WBTC) in Sierra Leone

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

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

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been approved, you will now have access to your assets and you can commence invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we have marked this also. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

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 some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The “Price” field will be filled with the latest price (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of WBTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole quantity of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. To withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Sierra Leone.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe within your wallet, you are finished.