A Step-by-Step-Guide on how to buy Polkadot (DOT) in American Samoa
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (DOT) Polkadot Once your deposit has been confirmed, you'll directly have access to your funds and you can commence buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To find (DOT) Polkadot, you will need to insert the shortname of the coin (DOT) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “DOT/BTC” to continue.
Step 4 – Acquisition of (DOT) Polkadot As soon as you have located Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff (DOT) Polkadot was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of DOT you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of DOT. When you're glad, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Seller trades their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. To take off your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Put into the volumen of (DOT) Polkadot you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.