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 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been verified, you will now have access to your assets and you can start invest and trading. To buy Wrapped Bitcoin (WBTC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

In order to find Wrapped Bitcoin (WBTC), you will need to put the cointype (WBTC) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “WBTC/BTC” to continue.

Binance Hot To Buy Wrapped Bitcoin (WBTC)
Binance How to Buy (WBTC) Wrapped Bitcoin
Step 4 – Buying Wrapped Bitcoin (WBTC)

As soon as you have spotted Wrapped Bitcoin (WBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff Wrapped Bitcoin (WBTC) was traded for. You can change this to your desired price. The ”Amount” field is the quantity of WBTC you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of WBTC.

When you are satisfied, make a mouse 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 frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended 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)

Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully bought and stored Wrapped Bitcoin (WBTC).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (WBTC) Wrapped Bitcoin is safe within your wallet, you are done.

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