How to Buy Wrapped Bitcoin (WBTC) in Vietnam

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

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

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you will now have access to your funds and you can commence buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “WBTC/BTC” to proceed.

Step 4 – Buy Wrapped Bitcoin (WBTC)

As soon as you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order.

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

When you're happy, click on “Buy WBTC”. Your plan will be filled when a Vender trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive period of time. To withdraw your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Vietnam.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe in your wallet, you're finished.