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There are several trading platforms on the WWW nowadays, but undoubtedly Binance is one of the most popular and reputed.
Learning how to buy Compound Wrapped BTC (CWBTC) is crucial if you need to get started on trading on that platform.
This post will try to guide you about how to trade with Compound Wrapped BTC (CWBTC) on the Binance Compound Wrapped BTC (CWBTC) platform.
To be able to buy Compound Wrapped BTC (CWBTC) on Binance, the vital thing you must know is certainly how to open your account.
Hassle-free registration: just follow the detailed instructions listed below.
Search for the "Register" button in the Binance homepage and click on it to begin the registration process.
Go directly to Binance by clicking here.
Once on the Binance platform click on the "Register with a phone or email" button.
The Binance platform is totally compatible with iOS devices as well.
In this guide, we’ll will describe how to do this with an e-mail.
See the inbox of the e-mail address you utilized for signing up and search the activation code for your account. Write it in the corresponding line and press "Send"
You’re now a Binance user!.
It would be a good idea to visit the different areas of the Binance platform and become familiar with them.
That’s the best way to realize how friendly the Binance platform is, and how quick you can start trading Compound Wrapped BTC (CWBTC).
Complete the mandatory identity verification to enable all those options.
Please, note that it will be only after you have fulfilled this safety step that you’ll be allowed to begin trading Compound Wrapped BTC (CWBTC).
In the next section, you’ll be guided on how to do that. Hassle-free.
See the following guidelines and become a certified end user:
From the user profile menu, select "Security"
Or just look for the "Verify" button on the top of the screen
Click "Identification" on the left list of options.
Here you should pick your country of residence.
You’ll will immediately find three verification levels:
Click on the "Start now" button below the "Verified" label, for this is the beginning level.
At this point, the user is asked to enter some personal data:
Here, the Binance platform will ask you to provide a legal document for identity corroboration.
Use your ID card, passport or even your driver’s license to complete this step.
In the next step, you will be asked to take a selfie, according to the platform’s instructions.
After you have completed the system’s instructions, you’ll have to wait a moment while your account is verified.
All you have to do is wait patiently, Binance will send you an e-mail once your request has been accepted.
Congratulations! Once you’ve received the confirmation you’re officially enabled to trade Compound Wrapped BTC (CWBTC). The following guidelines will be helpful.
Learning how to make a purchase of Compound Wrapped BTC (CWBTC) is not so difficult.
Here, the Binance platform will require you to present a legal document for identity checking.
ID card, passport or even a license will be enough to fulfill this requirement.
Follow the system guidance to take a selfie.
After you have completed the system’s guidelines, you will have to wait a short time while your account is confirmed.
Once your application has been accepted, you will be informed via email, just be patient.
Upon receiving that e-mail it’s time to acquire Compound Wrapped BTC (CWBTC), just follow the guidelines below.
In this segment you’ll see how easy is to convert cash into Compound Wrapped BTC (CWBTC).
Some steps would probably have alternative paths
The "Buy cryptos" menu on the Binance main page should be your reference at buying time.
You have to, of course, do that once you are signed into your account
Place your mouse on this key and a list of buying alternatives will be shown.
It is time to corroborate your identity using a legal document.
ID card, passport or even a license are all valid documents to fulfill this formality.
Now the platform will require you to take a selfie following certain instructions.
After you have completed the system’s guidelines, you will have to wait a short time while your account is verified.
Now wait patiently, Binance is going to let you know via email once your request has been approved.
Congratulations! As soon as you’ve received the confirmation you’re officially licensed to operate with Compound Wrapped BTC (CWBTC). The following guidelines will be helpful.
First you need to know how to invest your money in Compound Wrapped BTC (CWBTC).
Take into account that you may have more than one option for this process
To know which options are available to you when making a purchase, browse through the "Buy cryptos" menu on the Binance homepage.
Needless to say you must be logged into your account to do this
Hovering your mouse pointer over this button will display a list of alternatives to make the purchase.
Pick the credit card-related option from the "Buy Cryptos" drop-down list.
After that, just adhere to these guidelines:
In the next box, select the currency you want to use and specify how much you want to invest.
Next, choose the Compound Wrapped BTC (CWBTC) you’re going to buy
Considering the amount of USD you’ve previously defined, the system will automatically display the number of Compound Wrapped BTC (CWBTC) you will get.
Continue reading for further directions:
Now you must select the currency you wish to buy with and type the amount you want to invest.
The the Compound Wrapped BTC (CWBTC) you wish to get should be indicated in the second field
The quantity of Compound Wrapped BTC (CWBTC) you’ll receive will depend upon the amount of USD you have just invested. The Binance system will automatically display it.
Next click "Continue".
To use your Visa/MC credit card as a payment method, pick in the "Visa/Mastercard" box the button "Add card".
CC details must be indicated in this step, then click "Next".
In this step you must enter the address associated to the card. Type it exactly as it is, then press "Add card".
Now that your new card has been included, press "Continue".
The next screen will display a summary of the transaction about to be completed. That includes the amount your card will be charged, the chosen currency and the quantity of Compound Wrapped BTC (CWBTC) bought.
Obviously, Binance will claim a certain percentage as a commission for making the transaction, and that will appear in that snapshot also.
You have 60 seconds to press "Confirm", otherwise the order will be automatically terminated.
The Binance system will now redirect you to the bank issuing the credit card. Proceed exactly as you usually do when making a payment using your card on the bank website.
You may take a look at your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking process is complete and you’ll find your recently bought Compound Wrapped BTC (CWBTC) already there
Next, all the important details of the operation will be presented: the amount you will pay and the corresponding currency, and of course, the cryptos you are going to get.
In fact, Binance will charge you a small amount as a commission for making the purchase, and that will appear in that overview also.
Within the next 60 seconds press "Confirm", and then the order will expire automatically.
The following step has to be done on the credit card bank webpage. Proceed exactly as you do when making a payment with your credit card on the bank website.
Your recently purchased Compound Wrapped BTC (CWBTC) will be deposited to your Binance e-wallet (referred to as the «Spot Wallet») when the banking process is complete
Once the new method of payment has been included in your account, look for the "Buy Crypto" menu on the top bar of the navigator, press on the "Trading P2P" button and follow the guidelines described below:
When you have made a payment to the trader, they may release the Compound Wrapped BTC (CWBTC), just by confirming receipt of the payment.
This way, they will immediately be deposited into your wallet.
Take into account that your Compound Wrapped BTC (CWBTC) must be in your Spot Wallet in case you would want to get others, so you will need to move them there before.
That’s quite simple: just press "Transfer to Spot Wallet" immediately after the purchase order has been completed.
This Compound Wrapped BTC (CWBTC) internal movement can be done anytime later.
When you have made a payment to the seller, they will release the Compound Wrapped BTC (CWBTC), just by confirming invoice of the payment.
This way, they will immediately be deposited into your wallet.
Take into account that your Compound Wrapped BTC (CWBTC) must be in your Spot Wallet in case you would want to buy others, so you will have to move them there before.
To do this, all you have to do is press "Transfer to Spot Wallet" immediately after the buying order is completed.
This Compound Wrapped BTC (CWBTC) internal movement can be done whenever you need.
That’s all! Now you will have funds in the Spot Wallet and you will be able to purchase any of the numerous Compound Wrapped BTC (CWBTC) within the Binance platform.
Note how simple is to buy any cryptocurrency from Binance:
Perfect! Now you have money available to buy any of the several Compound Wrapped BTC (CWBTC) in the Binance platform.
Purchase any cryptocurrency from Binance just following the steps detailed below:
You’ve already learned how easy is to start doing business with Compound Wrapped BTC (CWBTC) on Binance.
Don’t wait any more and start earning some extra money.
If you are planning to make money via cryptocurrencies, you would have to figure out how to make use of the Kucoin platform. This exchange is bringing strong benefits to any or all its subscribers, and it is showing a lot more progress in all its tradings.
If you wish to learn easily how to purchase a Compound Wrapped BTC (CWBTC) in Kucoin, you will need to read this article.
Once you’ve subscribed to Kucoin and met the security requirements, you must deposit your money. The process is very simple, the best part is that there are several ways to accomplish that.
One of them is to click to the «Assets» or «Balance» section at the top right on the display and select the «Deposit» link. After that, select the Compound Wrapped BTC (CWBTC) you want to deposit into your account to purchase new cryptos, for example, USDT.
After that, you will pick the network you will use for the transaction. We all recommend Tron (TRC20) for it retains the lowest commissions.
Next you’ll see the address you have to insert in the "Exchange" where you have the USDT you want to convert to Kucoin. When you do this, you can expect to obtain the funds within your main account in a matter of seconds.
If this seems not to be not working in your country, you could try moving funds to your account via P2P trading. This type of transaction means that you actually make a bank transfer to any of the documented traders to get any of the genuine cryptos.
Now that you received the funds in your account, it’s time to learn how to navigate through the Kucoin website.
Purchasing a Compound Wrapped BTC (CWBTC) on Kucoin you must send the money you’ve just purchased to the trading account. To do this you need to go to the "Balance" menu, click the main account, enter the cryptocurrencies and choose «Transfer». This last option can be found on the same line than the currency you are going to use for the purchase.
If this doesn’t work in the country you’re living, you could try moving the money to your account through P2P trading. This kind of transaction implies that you make a standard bank transfer to any of the registered traders to receive any of the approved cryptos.
Now that you obtained the money in your account, it’s time to start interacting the Kucoin website.
Purchasing a Compound Wrapped BTC (CWBTC) on Kucoin you need to move the money you’ve just purchased to the trading account. To get this done you need to open the «Balance» menu, click on the main account, enter the cryptocurrencies and then choose «Transfer». This last button can be situated on the same line than the currency you are about to use for the purchase.
After that, you are sent to a window to choose where you are going to send the funds. You need to take from the «Main Account» to the "Trading Account", and indicate the currency and the sum you want to send to transact. Then visit "Confirm".
Now that you have the money already credited in your account, you are ready to purchase your crypto and begin trading.
Next we will explain how to purchase Compound Wrapped BTC (CWBTC) in diverse techniques. To begin, you have to access the «Trade» menu and click on "Spot trading" (Spot Market). After that write the acronym Compound Wrapped BTC (CWBTC) in the search box at the top corner of the page.
The platform will indicate the crypto pairs you are authorized to trade with.
In short, you will only be in a position to buy Compound Wrapped BTC (CWBTC) only with the crypto pairs it shows you.
Just for this case, you’re able do it with «USDT», «USDC», «KCS», and «BTC».
We choose ADA/USDT because we’ve got funds in this pair. When we do so, it instantly loads the crypto information and the order book containing the buy and sell businesses.
In order to be able to complete the operation, it is necessary to type the corresponding password.
At the bottom-right, the financial markets to trade crypto can be seen, automatically enabling the «Spot». There are 3 ways to buy Compound Wrapped BTC (CWBTC). Those are the following:
You can also establish the order activation yet process it at the greatest market price. You are going to do this by selecting "Stop Market", and typing in "Stop Price" the sum you prefer the Compound Wrapped BTC (CWBTC) to arrive to trigger the order and the amount of USDT to spend. By clicking on Buy Compound Wrapped BTC (CWBTC), your order will be executed at the market rate when it is the identical to the stop price you have previously determined.
With any of these options, you’ve already got the Compound Wrapped BTC (CWBTC) tokens you have purchased in your trading account. From now on you may trade with this or you can buy any other cryptos. Bear in mind that with Compound Wrapped BTC (CWBTC) you’ll only be capable to get the cryptos available in their pairs. Often you will need to trade the Compound Wrapped BTC (CWBTC) for a crypto that commonly appears in the Compound Wrapped BTC (CWBTC) pairs, such as BTC, USDT, and BNB, after which you could buy the one you really want.
You can now buy a Compound Wrapped BTC (CWBTC) via the Kucoin site.
| Exchange | Market Pairs | Buy |
|---|---|---|
| Compound | CREP/REP | - |