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 Kraken

You'll first need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've selected the precise coin you would like 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 unlike (Follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been affirmed, you will immediately have access to your assets and you can commence buying and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To find Wrapped Bitcoin (WBTC), you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have highlighted this too. Click on “WBTC/BTC” to advance.

Step 4 – Buy (WBTC) Wrapped Bitcoin

After you've spotted (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of WBTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of WBTC.

When 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 submitted.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

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

Kudos! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in United Arab Emirates.

That's it!

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