How to Buy Wrapped Bitcoin (WBTC) in Tanzania

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

Step 1 – Signup to Kraken

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency 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. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

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

To find Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “WBTC/BTC” to progress.

Step 4 – Buy Wrapped Bitcoin (WBTC)

After you've located Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price (WBTC) Wrapped Bitcoin was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of WBTC you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of WBTC.

If you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Tanzania.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.