A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Vanuatu
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you will directly have access to your funds and you can start purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To locate Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “WBTC/BTC” to go ahead.
Step 4 – Buying Wrapped Bitcoin (WBTC) As soon as you have found (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired price. The “Amount” field is the volumen of WBTC you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole quantity of WBTC. When you're happy, make a mouse click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended time period. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the quantity of (WBTC) Wrapped Bitcoin you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.