How to Buy Wrapped Bitcoin (WBTC) in Sweden

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

Step 1 – Join CEX.io

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. Follow the Link below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can commence invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (WBTC) Wrapped Bitcoin, you will need to insert the short name of the asset (WBTC) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Buy (WBTC) Wrapped Bitcoin

As soon as you have found (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The “Price” field will be automatically filled with the most recent rate (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of WBTC you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of WBTC.

If you're glad, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Kudos! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Sweden.

That's it!

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