A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Turkey
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or 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 illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been verified, you will now have access to your funds and you can start invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To locate (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have marked this also. Click on “WBTC/BTC” to go on.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) As soon as you've located (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the recent rate (WBTC) Wrapped Bitcoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of WBTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of WBTC. If you're happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.