A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Slovakia
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you will directly have access to your assets and you can initiate invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “WBTC/BTC” to proceed.
Step 4 – Buy (WBTC) Wrapped Bitcoin After you have located Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of WBTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of WBTC. When you are satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.