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 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cWBTC (CWBTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate cWBTC (CWBTC) Once your deposit has been approved, you'll directly have access to your funds and you can begin purchasing and trading. To purchase cWBTC (CWBTC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover cWBTC (CWBTC), you will need to put the shortname of the coin (CWBTC) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this also. Click on “CWBTC/BTC” to advance.
Step 4 – Buying cWBTC (CWBTC) Once you have discovered cWBTC (CWBTC), 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 making our own Limit Order. The ”Price” field will be filled automatically with the most latest tariff cWBTC (CWBTC) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of CWBTC you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of CWBTC. When you are satisfied, click on “Buy CWBTC”. Your order will be filled when a Vendor sells their CWBTC for the price you submitted.
Step 5 – Withdraw cWBTC (CWBTC) Unless you're regularly trading, never keep your crypto on an Exchange for an longer time period. To take off 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) Locate cWBTC (CWBTC) by using the provided drop-down box. Put into the quantity of cWBTC (CWBTC) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.