How to Buy Wrapped Bitcoin (WBTC)

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).

Binance Signup
Step 2 – {Transfer} Your {Ethereum or Bitcoin} to an {Exchange}

Your {BTC (Bitcoin) or ETH (Ethereum)} {will need} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. Wrapped Bitcoin (WBTC) is {accessible} on Binance, so {we will} use that as an {example}. {Not sure} on how to send {Coinbase funds} to an {Cryptocurrency Exchange}? ({Follow} {this guide})

Make sure {you have} {chosen} the {precise} coin you {would like} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {Ethereum} deposit address, {and so forth}. {In the case} {you are} {using} a decentralized exchange, {like} Airswap or DDEX could be {opposed} ({Follow} {our manual}).

Step 3 – {Locate} Wrapped Bitcoin (WBTC)

{Once} your deposit has been {approved}, {you will} {instantly} have access to your {funds} and you can {begin} {invest} and trading. To {purchase} Wrapped Bitcoin (WBTC) on Binance, {you will} want to {hover over} the {tab which is called “Exchange”} and{ then} {click} on “Basic”.

{In order to} {spot} Wrapped Bitcoin (WBTC), {you'll} need to {put} the {cointype} (WBTC) into the {search-box}, which is {highlighted} in the {graphic}. {Be certain of having} {selected} the {proper} {grouping}, {we've} {marked} this {also}. Click on “WBTC/BTC” to {advance}.

Binance Hot To Buy Wrapped Bitcoin (WBTC)
Binance How to Buy (WBTC) Wrapped Bitcoin
Step 4 – {Purchasing} Wrapped Bitcoin (WBTC)

{After} {you've} {spotted} Wrapped Bitcoin (WBTC), {you will} be {given} a {Chart with Prices} (in the Center of the {picture}) and {a few} Order Books ({Leftside} of the {picture}). {For now} {we are} {creating} our{} Limit Order.

The {”Price” field} will be {automatically filled} with the{} {recent} {price} Wrapped Bitcoin (WBTC) was {traded} for. {This can be changed} to your {desired} {rate}. The {field with the “Amount” tag} is the {amount} of WBTC you {want} to {buy}. The {”Total” field} is the {aggregated} price in {BTC} that {you'll} {settle} for the {whole} {quantity} of WBTC.

{When} {you're} {happy}, {make a mouse click} on “Buy WBTC”. Your {plan} will be filled {as soon as} a {Vendor} {trades} their WBTC for the price you {introduced}.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless {you're}{ frequently} trading, {never keep your} {coins} on an {Exchange} for an {extensive} {period of time}. {To} {take off} your Wrapped Bitcoin (WBTC), {go to} the {tab called “Funds”} and {mouse click} on “Withdraw”. Wrapped Bitcoin (WBTC) can be {stored securely} using a Wallet, {e.g.} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Wrapped Bitcoin (WBTC) by using the {provided} drop-down box. {Drop in} the {quantity} of Wrapped Bitcoin (WBTC) {you'd} {like} to {withdraw}. {Don't forget} the {displayed} {minimus/fees}. Also make sure you have {entered} your {precise} withdraw address.

{If} {you are} {glad}, {click on} “Submit”. You {may} be {asked} for {email/phone verification} {before} a {withdrawal}.

Binance Withdraw

{Kudos}! {You've} successfully {purchased} and {safed} Wrapped Bitcoin (WBTC).

That's it!

{Withdrawals} from {Cryptocurrency Exchange} can {take} {between} 1 – 30 minutes ({rely} on {network usage}). {As soon as} {you've} {confirmed} your {withdrawal} {with} {Ethplorer.io or Etherscan.io} and the (WBTC) Wrapped Bitcoin is {safe} {inside} your wallet, {you're} {finished}.
/* */ Generated by MPG