How to Buy Wrapped Bitcoin (WBTC) in Uruguay

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Wrapped Bitcoin (WBTC)

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

In order to spot (WBTC) Wrapped Bitcoin, you will need to put the short name of the asset (WBTC) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “WBTC/BTC” to go ahead.

Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you've spotted Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most latest valuation Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of WBTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of WBTC.

If you're satisfied, click on “Buy WBTC”. Your plan will be filled when a Vender sells 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 Crypto Exchange for an extensive time period. To withdraw your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're satisfied, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Uruguay.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you're done.