A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been verified, you'll immediately have access to your funds and you can start invest and trading. To invest in Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To spot Wrapped Bitcoin (WBTC), you will need to insert the short name of the asset (WBTC) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Buying Wrapped Bitcoin (WBTC) As soon as you have discovered Wrapped Bitcoin (WBTC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff Wrapped Bitcoin (WBTC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of WBTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of WBTC. When you are happy, make a mouse click on “Buy WBTC”. Your plan will be filled as soon as a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time period. To take off your Wrapped Bitcoin (WBTC), 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) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.