How to Buy Wrapped Bitcoin (WBTC) in Uzbekistan

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

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome Bitcoin or Ethereum.

Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

Once your deposit has been verified, you will immediately have access to your funds and you can start invest and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

After you've found (WBTC) Wrapped Bitcoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff Wrapped Bitcoin (WBTC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of WBTC.

If you're happy, click on “Buy WBTC”. Your order will be filled as soon as a Seller trades their WBTC for the price you offered.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you're happy, click “Submit”. You may be requested for email/phone verification ahead of a take off.

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

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you are finished.