A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in United Kingdom
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (WBTC) Wrapped Bitcoin As soon as your deposit has been approved, you'll directly have access to your finances and you can commence buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To find Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) After you have discovered (WBTC) Wrapped Bitcoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're making our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your desired price. The “Amount” field is the amount of WBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of WBTC. When you're happy, make a mouse click on “Buy WBTC”. Your order will be filled when a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer period of time. To take off your (WBTC) Wrapped Bitcoin, hover over the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the provided drop-down box. Enter the volumen of (WBTC) Wrapped Bitcoin you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.