A Step-by-Step-Guide on how to buy Polkadot (DOT) in Brunei
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Polkadot (DOT) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch buying and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to discover (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “DOT/BTC” to continue.
Step 4 – Purchasing Polkadot (DOT) Once you've located (DOT) Polkadot, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The “Price” field will be filled automatically with the latest valuation Polkadot (DOT) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of DOT you want to buy. The “Total” field is the total price in BTC that you'll settle for the complete amount of DOT. If you are satisfied, make a mouse click on “Buy DOT”. Your order will be filled when a Seller trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. To take off your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the amount of Polkadot (DOT) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.