A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your first $10.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (WBTC) Wrapped Bitcoin Once your deposit has been confirmed, you'll immediately have access to your funds and you can start purchasing and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “WBTC/BTC” to go on.
Step 4 – Buying (WBTC) Wrapped Bitcoin Once you've spotted (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the up-to-date valuation (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired price. The ”Amount” field is the amount of WBTC you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of WBTC. When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Vender sells their WBTC for the price you offered.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (WBTC) Wrapped Bitcoin, go to the ”Funds” tab and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (WBTC) Wrapped Bitcoin by using the provided drop-down box. Drop in the volumen of (WBTC) Wrapped Bitcoin you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You may be requested for phone/email verification before a take off.