A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in South Sudan
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. 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 Crypto Exchange? (Follow this how-to) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you will directly have access to your finances and you can launch buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “WBTC/BTC” to continue.
Step 4 – Purchase Wrapped Bitcoin (WBTC) After you've located (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our own Limit Order. The “Price” field will be automatically filled with the recent rate (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired rate. The “Amount” field is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of WBTC. When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. To withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.