A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Sri Lanka
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has 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 will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been approved, you'll instantly have access to your funds and you can start buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover (WBTC) Wrapped Bitcoin, you will need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this too. Click on “WBTC/BTC” to progress.
Step 4 – Buying (WBTC) Wrapped Bitcoin Once you've discovered (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order. The “Price” field will be automatically filled with the up-to-date valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured price. The “Amount” field is the quantity of WBTC you like to buy. The “Total” field is the total price in BTC that you will pay for the whole quantity of WBTC. If you are glad, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time frame. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.