A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Benin
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange 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 illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
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 buying and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you will need to insert the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this too. Click on “WBTC/BTC” to go on.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) Once you have discovered (WBTC) Wrapped Bitcoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The “Price” field will be automatically filled with the most recent tariff (WBTC) Wrapped Bitcoin was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of WBTC you wish to purchase. The “Total” field is the whole price in BTC that you will pay for the whole volumen of WBTC. When you're glad, click on “Buy WBTC”. Your plan will be filled when a Vender sells their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. In order to take off your (WBTC) Wrapped Bitcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.