How to Buy Polkadot (DOT) in Barbados

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

Step 1 – Join Kraken

You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (DOT) Polkadot

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

To locate (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “DOT/BTC” to go on.

Step 4 – Purchasing (DOT) Polkadot

After you have spotted Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation Polkadot (DOT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of DOT you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of DOT.

If you're glad, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extensive time frame. In order to take off your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Enter the quantity of Polkadot (DOT) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and stored Polkadot (DOT) in Barbados.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you're finished.