A Step-by-Step-Guide on how to buy Polkadot (DOT) in Central African Republic
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find (DOT) Polkadot Once your deposit has been verified, you will now have access to your assets and you can begin invest and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to locate (DOT) Polkadot, you'll need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we have marked this too. Click on “DOT/BTC” to progress.
Step 4 – Purchase Polkadot (DOT) Once you have spotted Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order. The field with the “Price” tag will be filled with the most up-to-date price (DOT) Polkadot was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of DOT you want to purchase. The “Total” field is the total price in BTC that you'll settle for the whole amount of DOT. If you're glad, click on “Buy DOT”. Your order will be filled when a Vender trades their DOT for the price you offered.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To withdraw your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Drop in the quantity of Polkadot (DOT) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You could be asked for email/phone verification ahead of a take off.