How to Buy Wrapped Bitcoin (WBTC) in Venezuela

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

Step 1 – Signup to CEX.io

You will first need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. 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 Crypto Trader? (Just follow this manual)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been verified, you will immediately have access to your finances and you can initiate invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To find Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

Once you've discovered (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of WBTC you like to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete quantity of WBTC.

If you are glad, click on “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, never keep your coins on an Exchange for an extended time frame. To take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Venezuela.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored inside your wallet, you are finished.