How to Buy Wrapped Bitcoin (WBTC) in Zimbabwe

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

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

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

In order to find (WBTC) Wrapped Bitcoin, you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “WBTC/BTC” to continue.

Step 4 – Buying Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the latest valuation (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of WBTC you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of WBTC.

If you're satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you introduced.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

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

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Zimbabwe.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe within your wallet, you are all done.