How to Buy Wrapped Bitcoin (WBTC) in Uganda

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

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and to get your first 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you will instantly have access to your assets and you can begin purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “WBTC/BTC” to go on.

Step 4 – Buy (WBTC) Wrapped Bitcoin

Once you've located (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of WBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of WBTC.

If you are happy, click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, never keep your coins on an Crypto Exchange for an extended time period. To withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Drop in the quantity of Wrapped Bitcoin (WBTC) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Kudos! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Uganda.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you're finished.