A Step-by-Step-Guide on how to buy Polkadot (DOT) in Cameroon
Step 1 – Join Kraken In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (DOT) Polkadot Once your deposit has been verified, you'll instantly have access to your finances and you can launch purchasing and trading. To invest in Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find Polkadot (DOT), you will need to put the cointype (DOT) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “DOT/BTC” to go ahead.
Step 4 – Buying Polkadot (DOT) Once you have discovered (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price (DOT) Polkadot was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of DOT you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of DOT. If you're satisfied, click on “Buy DOT”. Your plan will be filled as soon as a Vender trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your Polkadot (DOT), go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Drop in the volumen of (DOT) Polkadot you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.