How to Buy Wrapped Bitcoin (WBTC) in Tonga

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been verified, you will instantly have access to your funds and you can commence invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find (WBTC) Wrapped Bitcoin, you will need to put the cointype (WBTC) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to continue.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

Once you've discovered (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of WBTC you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of WBTC.

When you're satisfied, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the amount of (WBTC) Wrapped Bitcoin you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congrats! You have successfully bought and safed (WBTC) Wrapped Bitcoin in Tonga.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you're finished.