How to Buy Wrapped Bitcoin (WBTC) in Spain

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have selected the right coin you want to deposit.

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

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you will instantly have access to your assets and you can begin purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you will need to insert the cointype (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

As soon as you have located (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The “Price” field will be filled with the up-to-date valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred price. The “Amount” field is the amount of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole quantity of WBTC.

When you're glad, click on “Buy WBTC”. Your plan will be filled when a Vendor trades their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time frame. In order to take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Kudos! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Spain.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you are all done.