A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Reunion
Step 1 – Join Coinbase and get 10$ for free You will first need to buy one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and getting your welcome 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been approved, you will directly have access to your assets and you can begin invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and after that 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 image. Make sure you have selected the correct pairing, we've marked this too. Click on “WBTC/BTC” to advance.
Step 4 – Purchase (WBTC) Wrapped Bitcoin As soon as you have located (WBTC) Wrapped Bitcoin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order. The “Price” field will be filled automatically with the latest price (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of WBTC you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of WBTC. When you're satisfied, click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an longer period of time. To withdraw your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the quantity of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.