How to Buy Wrapped Bitcoin (WBTC) in United Arab Emirates

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in United Arab Emirates

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your first $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (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 funds and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this too. Click on “WBTC/BTC” to proceed.

Step 4 – Purchasing (WBTC) Wrapped Bitcoin

After you have located (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're making our Limit Order.

The “Price” field will be filled with the up-to-date price Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The “Amount” field is the amount of WBTC you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of WBTC.

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

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully purchased and stored Wrapped Bitcoin (WBTC) in United Arab Emirates.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored within your wallet, you are done.