A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Trinidad And Tobago
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you will now have access to your funds and you can start invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to progress.
Step 4 – Buy Wrapped Bitcoin (WBTC) As soon as you have located Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order. The field with the “Price” tag will be filled with the recent tariff Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of WBTC you want to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of WBTC. When you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extensive time frame. To withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.