A Step-by-Step-Guide on how to buy Polkadot (DOT) in Bangladesh
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (DOT) Polkadot Once your deposit has been approved, you'll now have access to your assets and you can start buying and trading. To purchase (DOT) Polkadot on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we have highlighted this too. Click on “DOT/BTC” to progress.
Step 4 – Acquisition of (DOT) Polkadot As soon as you've located (DOT) Polkadot, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order. The field with the “Price” tag will be filled with the latest valuation Polkadot (DOT) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of DOT you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of DOT. When you're glad, click on “Buy DOT”. Your order will be filled when a Seller sells their DOT for the price you offered.
Step 5 – Withdraw (DOT) Polkadot Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. In order to take off your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.