How to Buy Wrapped Bitcoin (WBTC) in Canada

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first $10.

Step 2 – Transfer Your Funds to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (WBTC) Wrapped Bitcoin

As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is calledExchangeand after that click onBasic”.

To spot Wrapped Bitcoin (WBTC), 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 pairing, we have highlighted this also. Click onWBTC/BTCto advance.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

Once you've spotted Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're making our Limit Order.

ThePricefield will be automatically filled with the recent price (WBTC) Wrapped Bitcoin was sold for. You can change this to your preferred rate. The field with theAmounttag is the volumen of WBTC you like to buy. The field with theTotaltag is the aggregated price in BTC that you'll settle for the whole amount of WBTC.

When you're glad, click onBuy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you gave.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. To take off your (WBTC) Wrapped Bitcoin, go to theFundstab and click onWithdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are happy, make a mouse click onSubmit”. You may be asked for email/phone verification ahead of a withdrawal.

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

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is stored within your wallet, you are finished.