A Step-by-Step-Guide on how to buy Polkadot (DOT) in Botswana
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate (DOT) Polkadot Once your deposit has been verified, you will immediately have access to your finances and you can initiate purchasing and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Polkadot (DOT), you will need to insert the cointype (DOT) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this too. Click on “DOT/BTC” to go ahead.
Step 4 – Acquisition of Polkadot (DOT) As soon as you have spotted (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our Limit Order. The “Price” field will be filled with the most up-to-date valuation (DOT) Polkadot was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of DOT you wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole quantity of DOT. If you are glad, make a mouse click on “Buy DOT”. Your order will be filled when a Vender sells their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (DOT) Polkadot, hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the volumen of (DOT) Polkadot you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.