A Step-by-Step-Guide on how to buy cWBTC (CWBTC)
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. cWBTC (CWBTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate cWBTC (CWBTC) Once your deposit has been affirmed, you'll now have access to your funds and you can commence buying and trading. To purchase cWBTC (CWBTC) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate cWBTC (CWBTC), you'll need to put the cointype (CWBTC) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this too. Click on “CWBTC/BTC” to advance.
Step 4 – Buy cWBTC (CWBTC) As soon as you've discovered cWBTC (CWBTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest price cWBTC (CWBTC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CWBTC you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of CWBTC. If you are glad, click on “Buy CWBTC”. Your plan will be filled when a Vender sells their CWBTC for the price you offered.
Step 5 – Withdraw cWBTC (CWBTC) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extensive time period. To withdraw your cWBTC (CWBTC), hover over the tab called “Funds” and mouse click on “Withdraw”. cWBTC (CWBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find cWBTC (CWBTC) by using the given drop-down box. Enter the quantity of cWBTC (CWBTC) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.