A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Tuvalu
Step 1 – Join CEX.io You will first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) 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 will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been verified, you'll directly have access to your assets and you can initiate invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search-box, which is marked in the picture. Make sure you have selected the right grouping, we've marked this too. Click on “WBTC/BTC” to go on.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you've discovered (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred rate. The “Amount” field 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 volumen of WBTC. When you're glad, click on “Buy WBTC”. Your plan will be filled as soon as a Vendor sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of (WBTC) Wrapped Bitcoin you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.