How to Buy Wrapped Bitcoin (WBTC) in Saudi Arabia

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

Degrau 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and getting your first 10$.

Degrau 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, como Airswap ou DDEX podem ser diferentes (Follow these easy steps).

Degrau 3 – Locate Wrapped Bitcoin (WBTC)

Assim que o seu depósito for verificado, you'll immediately have access to your assets and you can initiate purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you will want to hover over the tab which is called “Troca” and then mouse click on “Básico”.

In order to discover Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search-box, que está marcado na imagem. Be certain of having choosen the correct grouping, nós destacamos isso também. Clique em “WBTC/BTCto advance.

Degrau 4 – Buying Wrapped Bitcoin (WBTC)

After you have found (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (no centro da foto) e alguns livros de pedidos (Lado esquerdo da imagem). For now we're creating our own Limit Order.

o “Preço” field will be filled with the latest tariff (WBTC) Wrapped Bitcoin was traded for. This can be changed to your preferred rate. o “Montante” field is the quantity of WBTC you want to buy. O campo com o “Total” tag is the total price in Bitcoin that you will pay for the complete amount of WBTC.

If you're satisfied, faça um clique do mouse em “Buy WBTC”. Your plan will be filled as soon as a Seller trades their WBTC for the price you offered.

Degrau 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your Wrapped Bitcoin (WBTC), go to the tab called “Fundos” and mouse click on “Retirar”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, por exemplo MyEtherWallet. (Guia de configuração do MyEtherWallet)

Locate (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the quantity of (WBTC) Wrapped Bitcoin you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, click “Enviar”. You could be requested for verfication via phone/email ahead of a take off.

Congratulations! You have successfully purchased and stored Wrapped Bitcoin (WBTC) in Saudi Arabia.

É isso aí!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutos (dependendo do uso da rede). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) está seguro dentro de sua carteira, você terminou.