A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Mauritius
Step 1 –
Signup to Coinbase – Get Free $10
You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your first 10$.
Step 2 –
Send Your Funds to an Crypto Exchange
Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)
Make sure you've selected the right coin you would like to deposit.
Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 –
Find (WBTC) Wrapped Bitcoin
Once your deposit has been approved, you'll directly have access to your funds and you can initiate buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.
In order to locate (WBTC) Wrapped Bitcoin, you'll need to put the cointype (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 –
Purchasing Wrapped Bitcoin (WBTC)
As soon as you have discovered Wrapped Bitcoin (WBTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order.
The field with the “Price” tag will be filled with the recent valuation Wrapped Bitcoin (WBTC) was sold for. You can change this to your favoured price. The “Amount” field is the amount of WBTC you want to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of WBTC.
If you are glad, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you gave.
Step 5 –
Withdraw Wrapped Bitcoin (WBTC)
Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. In order to withdraw your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)
Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of (WBTC) Wrapped Bitcoin you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.
If you are glad, click on “Submit”. You could be requested for verfication via email/phone before a take off.
