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How to Buy Wrapped Bitcoin (WBTC)

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).

Binance Signup
Step 2 – {Transmit} Your {Bitcoin or Ethereum} to an {Cryptocurrency Exchange}

Your {ETH (Ethereum) or BTC (Bitcoin)} {has} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. Wrapped Bitcoin (WBTC) is {available} on Binance, so {we will} use that as an {illustration}. {Not sure} on how to send {funds from Coinbase} to an {Cryptocurrency Exchange}? ({Just follow} {this how-to})

Make sure {you've} {selected} the {exact} coin you {want} to deposit.

{Bitcoin} must be sent to a {BTC} deposit address, {ETH} to an {ETH} deposit address, {et cetera}. {If} {you're} {using} a decentralized exchange, {such as} Airswap or DDEX could be {unlike} ({Follow} {these easy steps}).

Step 3 – {Locate} Wrapped Bitcoin (WBTC)

{As soon as} your deposit has been {approved}, {you'll} {directly} have access to your {funds} and you can {commence} {purchasing} and trading. To {invest in} Wrapped Bitcoin (WBTC) on Binance, {you will} want to {hover over} the {”Exchange” tab} and{ then} {click} on “Basic”.

{In order to} {spot} Wrapped Bitcoin (WBTC), {you'll} need to {insert} the {short name of the asset} (WBTC) into the {search box}, which is {highlighted} in the {image}. {Be certain of having} {choosen} the {correct} {pairing}, {we've} {highlighted} this {too}. Click on “WBTC/BTC” to {go on}.

{How to buy Coin on Binance 1|Binance How To Buy 1} Wrapped Bitcoin (WBTC)
Step 4 – {Purchasing} Wrapped Bitcoin (WBTC)

{Once} {you've} {found} Wrapped Bitcoin (WBTC), {you'll} be {presented with} a {Chart with Prices} (in the Center of the {picture}) and {a few} Order Books ({on the Left} of the {image}). {For now} {we're} {creating} our{} Limit Order.

The {”Price” field} will be {filled} with the{} {latest} {valuation} Wrapped Bitcoin (WBTC) was {sold} for. {You can change this} to your {desired} {rate}. The {”Amount” field} is the {amount} of WBTC you {want} to {buy}. The {field with the “Total” tag} is the {whole} price in {Bitcoin} that {you will} {pay} for the {complete} {quantity} of WBTC.

{When} {you're} {satisfied}, {click} on “Buy WBTC”. Your {order} will be filled {when} a {Seller} {sells} their WBTC for the price you {gave}.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless {you are}{ frequently} trading, {you should never keepyour} {crypto coins} on an {Cryptocurrency Exchange} for an {extended} {period of time}. {To} {withdraw} your Wrapped Bitcoin (WBTC), {hover over} the {”Funds” tab} and {mouse click} on “Withdraw”. Wrapped Bitcoin (WBTC) can be {stored securely} using a Wallet, {e.g.} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Wrapped Bitcoin (WBTC) by using the {provided} drop-down box. {Put into} the {quantity} of Wrapped Bitcoin (WBTC) {you would} {wish} to {take off}. {Take into account} the {shown} {minimus/fees}. Also make sure you have {filled} your {right} withdraw address.

{If} {you're} {glad}, {click} “Submit”. You {could} be {requested} for {phone/email verification} {ahead of} a {withdrawal}.

{Congrats}! {You've} successfully {bought} and {safed} Wrapped Bitcoin (WBTC).

That's it!

{Take offs} from {Cryptocurrency Exchange} can {take} {between} 1 – 30 minutes ({rely} on {usage of the network}). {Once} {you've} {proved} your {withdrawal} {using} {Etherscan.io or Ethplorer.io} and the Wrapped Bitcoin (WBTC) is {safe} {in} your wallet, {you are} {all done}.

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