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 Kraken

You will first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been confirmed, you'll directly have access to your assets and you can launch buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To discover (WBTC) Wrapped Bitcoin, you will need to put the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

Once you have found (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to make our Limit Order.

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

When you are satisfied, click on “Buy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully purchased and stored (WBTC) Wrapped Bitcoin in Uganda.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you are all done.