A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC)
Step 1 – Join Kraken You will first need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Wrapped Bitcoin (WBTC) 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 Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Wrapped Bitcoin (WBTC) As soon as your deposit has been approved, you'll instantly have access to your funds and you can launch invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To spot Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “WBTC/BTC” to advance.
Step 4 – Buying Wrapped Bitcoin (WBTC) After you have found Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be filled with the most latest rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of WBTC you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of WBTC. When you are satisfied, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you offered.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. In order to take off your Wrapped Bitcoin (WBTC), hover over the ”Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You could be requested for phone/email verification before a take off.