A Step-by-Step-Guide on how to buy Polkadot (DOT) in Bhutan
Step 1 – Signup to Kraken You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Polkadot (DOT) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can launch invest and trading. To buy Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To discover Polkadot (DOT), you'll 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 right pairing, we have highlighted this also. Click on “DOT/BTC” to go ahead.
Step 4 – Purchase Polkadot (DOT) Once you've discovered (DOT) Polkadot, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The “Price” field will be automatically filled with the latest tariff (DOT) Polkadot was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of DOT you want to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of DOT. If you're glad, make a mouse click on “Buy DOT”. Your plan will be filled when a Vendor sells their DOT for the price you submitted.
Step 5 – Withdraw (DOT) Polkadot Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. To take off your Polkadot (DOT), hover over the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Drop in the amount of Polkadot (DOT) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.