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How to Buy wrapped-bitcoin With PayPal: Complete Beginner’s Guide

Right here’s how you can purchase wrapped-bitcoin (WBTC):

  1. Get a wrapped-bitcoin wallet (Ledger Nano S, TREZOR)
  2. Get your WBTC address
  3. Go to Coinbase
  4. Purchase WBTC through a paypal or creditcard or a wiretransfer
  5. Send the WBTC to your address

Step #1 – Get a wrapped-bitcoin Wallet

As a way to retailer your WBTC you’ll need a wallet that may hold them. There’s a variety of wallets that help wrapped-bitcoin, nonetheless just a few respected wallets supports each wrapped-bitcoin and different cryptocurrencies. Ledger presents two fashions of safe {hardware} wallets that may hold WBTC . For those who’re searching for a wallet that may hold WBTC together with different cryptocurrencies, together with Bitcoin, Ethereum, and Ripple you gained’t discover a better choice. These pocket-sized {hardware} wallet are basically un hack able, and their user-friendly nature makes for a cheerful crypto life. The 2 available models are the Ledger Nano S and Ledger Nano X (mobile compatible).

Ledger Nano X

Step #2 – Buy wrapped-bitcoin with PayPal

Like many different alt coins, for the time being there isn’t a method to buy wrapped-bitcoin

Cryptocurrency coins with a creditcard, debit card or PayPal.

Once more,  the best way to get your hand on some WBTC is to first head over to Coinbase. the place you should buy Bitcoin, Litecoin, or Ethereum.

To get started Click Here to get $10 Fee Bitcoin

coinbase

Step #3 – Use (Bitcoin-Ethereum-Litecoin) to Purchase wrapped-bitcoin

You’ll then use the bought BTC, LTC or ETH to buy wrapped-bitcoin . Firstly you’ll have to select a exchange that holds WBTC similar to Binance.

You send the currency from coinbase to the exchange of choice utilizing a unique Deposit Address

as soon as sent It often takes a short while for the currency to land within the account, 10 minutes to half an hour (depending on the currency and the exchange used)

As soon as there you’ll then be capable of select the right buying and selling pair depending on which coin you bought from coinbase. BTC/WBTC , ,LTC/WBTC or ETH/WBTC

binance

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