How to Buy Wrapped Bitcoin (WBTC) in Virgin Islands

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

Step 1 – Join CEX.io

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

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

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

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Wrapped Bitcoin (WBTC)

As soon as your deposit has been confirmed, you'll directly have access to your finances and you can start invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order 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 image. Make sure you have choosen the right grouping, we have marked this also. Click on “WBTC/BTC” to go ahead.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

As soon as you've spotted Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the latest tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your favoured price. The “Amount” field is the amount of WBTC you want to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the complete volumen of WBTC.

When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would like to take off. Take into account the shown fees/minimums. 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.

Congratulations! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Virgin Islands.

That's it!

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