A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC)
Step 1 – Join CEX.io You'll first need to buy units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting Ethereum or Bitcoin.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Wrapped Bitcoin (WBTC) Once your deposit has been verified, you will now have access to your finances and you can begin buying and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “WBTC/BTC” to continue.
Step 4 – Purchasing Wrapped Bitcoin (WBTC) As soon as you've discovered Wrapped Bitcoin (WBTC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Wrapped Bitcoin (WBTC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of WBTC you like to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of WBTC. When you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vender trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Wrapped Bitcoin (WBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Enter the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.