A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Denmark
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your welcome 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange 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're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will immediately have access to your finances and you can commence purchasing and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you will need to insert the shortname of the coin (WBTC) into the search box, which is marked in the picture. Be certain of having selected the right pairing, we've highlighted this too. Click on “WBTC/BTC” to proceed.
Step 4 – Buying Wrapped Bitcoin (WBTC) After you have discovered (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to make our Limit Order. The “Price” field will be automatically filled with the most latest tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of WBTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of WBTC. If you are happy, click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you gave.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the quantity of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.