A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Qatar
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your first $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency 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 obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (WBTC) Wrapped Bitcoin Once your deposit has been verified, you will directly have access to your assets and you can launch buying and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To find (WBTC) Wrapped Bitcoin, you will need to insert the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to progress.
Step 4 – Buying (WBTC) Wrapped Bitcoin As soon as you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order. The “Price” field will be filled automatically with the latest tariff (WBTC) Wrapped Bitcoin was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of WBTC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of WBTC. When you're satisfied, make a mouse click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you submitted.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Put into the volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.