How to Buy Wrapped Bitcoin (WBTC) in Austria

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

Step 1 – Signup to Coinmama

You will first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

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

Once your deposit has been approved, you'll now have access to your funds and you can commence buying and trading. To invest in {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, you'll need to put the short name of the asset (WBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “WBTC/BTC” to go on.

{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}

As soon as you've found {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are creating our Limit Order.

The ”Price” field will be filled automatically with the latest rate {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of WBTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of WBTC.

When you are happy, make a mouse click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you introduced.

Step 5 – Withdraw {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}

Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to withdraw your {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin}, hover over the ”Funds” tab and mouse click on “Withdraw”. {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} by using the provided drop-down box. Enter the volumen of {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You have successfully purchased and safed Wrapped Bitcoin (WBTC) in Austria.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the {Wrapped Bitcoin (WBTC)|(WBTC) Wrapped Bitcoin} is safe inside your wallet, you are finished.

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