A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Saint Lucia
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) 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 illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been verified, you'll directly have access to your assets and you can initiate purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to locate Wrapped Bitcoin (WBTC), you will need to insert 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 also. Click on “WBTC/BTC” to progress.
Step 4 – Purchase Wrapped Bitcoin (WBTC) Once you have found Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of WBTC you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of WBTC. When you're satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your (WBTC) Wrapped Bitcoin, go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the given drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.