A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Sint Maarten
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you will immediately have access to your finances and you can initiate invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of (WBTC) Wrapped Bitcoin After you've discovered (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of WBTC you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of WBTC. If you're glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.