A Step-by-Step-Guide on how to buy Polkadot (DOT) in Aruba
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Polkadot (DOT) As soon as your deposit has been approved, you'll immediately have access to your assets and you can initiate invest and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. To spot (DOT) Polkadot, you'll need to put the cointype (DOT) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “DOT/BTC” to go on.
Step 4 – Buy (DOT) Polkadot After you have found Polkadot (DOT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate Polkadot (DOT) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of DOT you like to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of DOT. If you are glad, make a mouse click on “Buy DOT”. Your order will be filled when a Seller trades their DOT for the price you offered.
Step 5 – Withdraw (DOT) Polkadot Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Polkadot (DOT), go to the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Polkadot (DOT) by using the provided drop-down box. Enter the quantity of (DOT) Polkadot you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.