A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Swaziland
Step 1 – Signup to Kraken You will first need to buy one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been confirmed, you will instantly have access to your funds and you can begin buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) As soon as you have located Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of WBTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of WBTC. If you are satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.