How to Buy Wrapped Bitcoin (WBTC) in Singapore

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your first 10 Dollar.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can launch invest and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

To find Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've highlighted this too. Click on “WBTC/BTC” to go on.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

As soon as you've discovered (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order.

The “Price” field will be filled with the latest tariff (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of WBTC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of WBTC.

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

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time frame. To take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Singapore.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you're finished.