How to Buy Wrapped Bitcoin (WBTC) in Yemen

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and receive your welcome Ethereum or Bitcoin.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find (WBTC) Wrapped Bitcoin

Once your deposit has been approved, you'll immediately have access to your assets and you can initiate buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (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 selected the proper grouping, we have highlighted this also. Click on “WBTC/BTC” to progress.

Step 4 – Purchasing Wrapped Bitcoin (WBTC)

As soon as you've discovered (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The “Price” field will be filled automatically with the up-to-date price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of WBTC you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole quantity of WBTC.

If you are happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Seller sells their WBTC for the price you submitted.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are frequently trading, never keep your coins on an Exchange for an extensive time frame. In order to take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Yemen.

That's it!

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