How to Buy Wrapped Bitcoin (WBTC) in Switzerland

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Funds to an Crypto Exchange

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

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you'll immediately have access to your assets and you can initiate purchasing and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

To locate (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click on “WBTC/BTC” to proceed.

Step 4 – Acquisition of Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The “Price” field will be filled automatically with the recent tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired price. The “Amount” field is the volumen of WBTC you wish to purchase. The “Total” field is the total price in BTC that you'll pay for the complete quantity of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Switzerland.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are all done.