A Step-by-Step-Guide on how to buy Polkadot (DOT) in Anguilla
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate (DOT) Polkadot Once your deposit has been confirmed, you will immediately have access to your finances and you can initiate invest and trading. To purchase Polkadot (DOT) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we have marked this also. Click on “DOT/BTC” to progress.
Step 4 – Purchase Polkadot (DOT) After you've located Polkadot (DOT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order. The “Price” field will be automatically filled with the most up-to-date rate Polkadot (DOT) was traded for. You can change this to your favoured price. The “Amount” field is the quantity of DOT you want to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the complete amount of DOT. If you're satisfied, click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, you should never keepyour crypto coins on an Crypto Exchange for an extended period of time. To take off your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Drop in the amount of (DOT) Polkadot you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You may be requested for phone/email verification before a take off.