How to Buy Wrapped Bitcoin (WBTC) in Ecuador

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome $10.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have selected 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 are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

Once your deposit has been approved, you will immediately have access to your finances and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is calledExchangeand after that click onBasic”.

In order to discover Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click onWBTC/BTCto progress.

Step 4 – Buying Wrapped Bitcoin (WBTC)

After you have located Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order.

ThePricefield will be filled with the latest valuation (WBTC) Wrapped Bitcoin was traded for. You can change this to your favoured rate. TheAmountfield is the volumen of WBTC you wish to buy. The field with theTotaltag is the whole price in BTC that you'll pay for the complete quantity of WBTC.

If you are satisfied, click onBuy WBTC”. Your order will be filled when a Seller trades their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extended time period. To take off your (WBTC) Wrapped Bitcoin, go to theFundstab and mouse click onWithdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the quantity of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are glad, clickSubmit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You have successfully bought and stored Wrapped Bitcoin (WBTC) in Ecuador.

That's it!

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