A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Wallis And Futuna
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) 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 identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been approved, you'll directly have access to your assets and you can start purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have marked this also. Click on “WBTC/BTC” to progress.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin As soon as you have located (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to make our Limit Order. The “Price” field will be filled automatically with the most up-to-date tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your preferred price. The “Amount” field is the amount of WBTC you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of WBTC. If you are satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vendor trades their WBTC for the price you gave.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.