How to Buy Wrapped Bitcoin (WBTC) in Solomon Islands

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Funds to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

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

In order to discover (WBTC) Wrapped Bitcoin, you will need to insert 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've marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

As soon as you've spotted Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of WBTC you like to purchase. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of WBTC.

When you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

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

Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're glad, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Solomon Islands.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe in your wallet, you're done.