How to Buy Wrapped Bitcoin (WBTC) in Armenia

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Armenia

Step 1 – Join Coinmama

You will first need to buy one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}

As soon as your deposit has been verified, you will immediately have access to your assets and you can launch purchasing and trading. To invest in {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to discover {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, you will need to put the shortname of the coin (WBTC) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “WBTC/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Wrapped Bitcoin (WBTC)
Step 4 – Acquisition of {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}

After you've spotted {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of WBTC you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of WBTC.

When you are satisfied, 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)|(WBTC) Wrapped Bitcoin}

Unless you're frequently trading, never keep your coins on an Crypto Trader for an extended time frame. To withdraw your {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, go to the tab called “Funds” and mouse click on “Withdraw”. {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} by using the given drop-down box. Put into the quantity of {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congrats! You've successfully bought and stored Wrapped Bitcoin (WBTC) in Armenia.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} is safe within your wallet, you are finished.

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