A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Turkmenistan
Step 1 – Join Kraken You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange 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 example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been affirmed, you will directly have access to your assets and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to discover (WBTC) Wrapped Bitcoin, you'll need to insert the cointype (WBTC) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) Once you've found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are making our Limit Order. The “Price” field will be filled automatically with the most latest rate Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The “Amount” field is the amount of WBTC you like to buy. The “Total” field is the whole price in BTC that you will settle for the complete volumen of WBTC. If you are happy, 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 trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.