How to Buy Wrapped Bitcoin (WBTC) in United Kingdom

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

Once your deposit has been confirmed, you'll instantly have access to your finances and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To spot Wrapped Bitcoin (WBTC), you'll need to put the shortname of the coin (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to go on.

Step 4 – Purchase Wrapped Bitcoin (WBTC)

Once you've found (WBTC) Wrapped Bitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled with the most latest rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your favoured price. The “Amount” field is the quantity of WBTC you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete amount of WBTC.

When you are happy, click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To withdraw your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and stored (WBTC) Wrapped Bitcoin in United Kingdom.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is stored inside your wallet, you're done.