A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Bhutan
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your welcome $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you will instantly have access to your funds and you can commence purchasing and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To spot Wrapped Bitcoin (WBTC), you'll need to insert the cointype (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “WBTC/BTC” to proceed.
Step 4 – Purchasing (WBTC) Wrapped Bitcoin After you have spotted (WBTC) Wrapped Bitcoin, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of WBTC. If you are 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 regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. To withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.