A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Armenia
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first 10$.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been verified, you'll directly have access to your funds and you can begin invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To spot (WBTC) Wrapped Bitcoin, you'll need to insert the short name of the asset (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) After you've discovered Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The “Price” field will be filled automatically with the latest valuation (WBTC) Wrapped Bitcoin was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of WBTC you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of WBTC. When you're satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Vendor sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.