A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Wrapped Bitcoin (WBTC) Once your deposit has been confirmed, you will now have access to your finances and you can initiate purchasing and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Wrapped Bitcoin (WBTC), you will need to put the short name of the asset (WBTC) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this also. Click on “WBTC/BTC” to continue.
Step 4 – Purchase Wrapped Bitcoin (WBTC) After you have found Wrapped Bitcoin (WBTC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most recent tariff Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of WBTC you like to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete volumen of WBTC. When you are glad, make a mouse click on “Buy WBTC”. Your plan will be filled when a Seller trades their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extensive time period. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.
Congratulations! You've successfully bought and safed Wrapped Bitcoin (WBTC) in Anguilla.That's it! Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Wrapped Bitcoin (WBTC) is safe inside your wallet, you're all done.
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