A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in United States
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been affirmed, you'll now have access to your finances and you can start invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchase Wrapped Bitcoin (WBTC) Once you've discovered (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The “Price” field will be automatically filled with the most recent rate (WBTC) Wrapped Bitcoin was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of WBTC you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of WBTC. If you are glad, click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time period. In order to take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.