How to Buy Wrapped Bitcoin (WBTC) in Thailand

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. 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 Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will now have access to your finances and you can launch buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to discover Wrapped Bitcoin (WBTC), 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 choosen the correct grouping, we have highlighted this too. Click on “WBTC/BTC” to continue.

Step 4 – Acquisition of (WBTC) Wrapped Bitcoin

Once you've found (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the latest tariff (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of WBTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Congratulations! You've successfully purchased and safed Wrapped Bitcoin (WBTC) in Thailand.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored in your wallet, you are done.