Where To Buy Wrapped Bitcoin?
Investing in crypto is in fashion these days. Many people are trusting their money with the crypto market. The world is changing and perhaps you too should change with it. Virtual stuff is becoming more worthy than the material world. In this article, we wrote a complete guide on how and where to buy Wrapped Bitcoin and which platform to trust with your money
Finding a Trustworthy Exchange Platform
The first step when you want to buy a crypto coin is to select the best crypto trading or exchange platform. The best strategy is to pick a popular platform because you won’t need to create multiple wallets. It will become a headache to manage all the wallets. Our recommended platforms are Binance, Wazirx, Coinbase, Bitmart, Huobi Global & FTX, etc.
After you choose the exchange platform, create an account on the selected platform and complete the verification process. Some of them might take a few days to verify your account. You can buy or sell coins after the verification process is completed.
Creating a Wallet
Now, the next step is to create a wallet. When you create an account on exchange platforms, they will provide you with a wallet, also known as a crypto wallet. Generate the wallet address so you can send the coins you just purchased to your wallet.
You can also create a wallet address manually on hardware. But mostly, wallets are software based on exchange platforms. We will focus on the software side of the wallet because that’s what most people use. You can store your coins on a cold wallet or a hot wallet. The cold wallet is recommended because it is more secure and present when your system is offline.
Also, keep the backup of your wallet, save its private key somewhere safe, and write and save the recovery passphrase. Ensure your connection with your wallet if something happens with your account.
Connect Payment Source
Most users want to buy Wrapped Bitcoin using local currencies such as dollars, pounds, yen, etc. Some platforms actually let you buy crypto coins using your locally available methods. These platforms allow you to connect your bank, PayPal, web money, visa, credit card (although not recommended), and others sources to pay for coins.
Where to Buy Wrapped Bitcoin?
There are various platforms you can use to buy Wrapped Bitcoin. You just need to deposit funds in your local currency and buy Wrapped Bitcoin. You can also try buying a fraction of a coin (i.e., 0.005% of crypto coin). Following are the platforms we trust with your hard-earned cash to buy Wrapped Bitcoin