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 Ethereum or Bitcoin to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. cWBTC (CWBTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate cWBTC (CWBTC) As soon as your deposit has been verified, you will instantly have access to your assets and you can initiate buying and trading. To buy cWBTC (CWBTC) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate cWBTC (CWBTC), you will need to insert the short name of the asset (CWBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “CWBTC/BTC” to progress.
Step 4 – Buying cWBTC (CWBTC) After you have discovered cWBTC (CWBTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation cWBTC (CWBTC) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of CWBTC you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of CWBTC. If you're glad, click on “Buy CWBTC”. Your plan will be filled when a Seller sells their CWBTC for the price you introduced.
Step 5 – Withdraw cWBTC (CWBTC) Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your cWBTC (CWBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. cWBTC (CWBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find cWBTC (CWBTC) by using the provided drop-down box. Drop in the amount of cWBTC (CWBTC) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.
Kudos! You've successfully bought and safed cWBTC (CWBTC).That's it! Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (CWBTC) cWBTC is safe in your wallet, you are finished.
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