A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Slovenia
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been verified, you will directly have access to your finances and you can begin buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) After you've located (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The “Price” field will be automatically filled with the most recent rate Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of WBTC you want to purchase. The “Total” field is the total price in BTC that you'll pay for the whole amount of WBTC. If you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.