How to Buy Polkadot (DOT) in Honduras

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Honduras

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your welcome $10.

Coinbase Promo Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Binance Signup

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can begin buying and trading. To buy (DOT) Polkadot on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

To locate (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this too. Click on “DOT/BTC” to proceed.

Step 4 – Buy Polkadot (DOT)

After you've found Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

The “Price” field will be filled with the most up-to-date price (DOT) Polkadot was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of DOT you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of DOT.

If you're glad, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, never keep your crypto on an Crypto Trader for an extensive period of time. In order to take off your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Drop in the volumen of Polkadot (DOT) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

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

Kudos! You've successfully bought and safed Polkadot (DOT) in Honduras.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you are finished.