How to Buy Wrapped Bitcoin (WBTC) in Australia

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

Step 1 – Join Coinmama

You will first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

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

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can launch buying and trading. To purchase {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

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

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

After you have located {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The ”Price” field will be filled with the up-to-date rate {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of WBTC you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen 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)|(WBTC) Wrapped Bitcoin}

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, hover over the tab called “Funds” and mouse click on “Withdraw”. {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} by using the given drop-down box. Drop in the quantity of {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Congratulations! You have successfully bought and safed Wrapped Bitcoin (WBTC) in Australia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your take off using Ethplorer.io or Etherscan.io and the {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} is safe inside your wallet, you are all done.

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