A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in West Bank
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or 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 identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you'll immediately have access to your finances and you can initiate invest and trading. To purchase (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 spot (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “WBTC/BTC” to go ahead.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin After you've spotted (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The “Price” field will be filled with the up-to-date valuation (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred price. The “Amount” field is the amount of WBTC you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole volumen of WBTC. If you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.