How to Buy cWBTC (CWBTC) in Australia

A Step-by-Step-Guide on how to buy cWBTC (CWBTC) in Australia

Step 1 – Signup to Coinmama

You will first need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cWBTC (CWBTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find {cWBTC (CWBTC)|(CWBTC) cWBTC}

Once your deposit has been approved, you'll directly have access to your finances and you can initiate invest and trading. To buy {cWBTC (CWBTC)|(CWBTC) cWBTC} on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate {cWBTC (CWBTC)|(CWBTC) cWBTC}, you'll need to put the cointype (CWBTC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have marked this too. Click on “CWBTC/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} cWBTC (CWBTC)
Step 4 – Purchase {cWBTC (CWBTC)|(CWBTC) cWBTC}

After you've spotted {cWBTC (CWBTC)|(CWBTC) cWBTC}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the latest rate {cWBTC (CWBTC)|(CWBTC) cWBTC} was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of CWBTC you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of CWBTC.

If you're happy, make a mouse click on “Buy CWBTC”. Your plan will be filled when a Vender sells their CWBTC for the price you submitted.

Step 5 – Withdraw {cWBTC (CWBTC)|(CWBTC) cWBTC}

Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive time period. To withdraw your {cWBTC (CWBTC)|(CWBTC) cWBTC}, go to the tab called “Funds” and click on “Withdraw”. {cWBTC (CWBTC)|(CWBTC) cWBTC} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {cWBTC (CWBTC)|(CWBTC) cWBTC} by using the given drop-down box. Enter the quantity of {cWBTC (CWBTC)|(CWBTC) cWBTC} you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You have successfully purchased and safed cWBTC (CWBTC) in Australia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the {cWBTC (CWBTC)|(CWBTC) cWBTC} is safe inside your wallet, you are all done.

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