How to Buy Polkadot (DOT) in China

Step 1 – Signup to Kraken

You will first need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can commence invest and trading. To invest in Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Polkadot (DOT), you will need to insert the cointype (DOT) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “DOT/BTC” to continue.

Step 4 – Buy Polkadot (DOT)

After you have spotted (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled with the latest rate Polkadot (DOT) was sold for. This can be changed to your desired rate. The “Amount” field is the volumen of DOT you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of DOT.

When you are satisfied, click on “Buy DOT”. Your order will be filled as soon as a Vendor trades their DOT for the price you offered.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (DOT) Polkadot, hover over 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. Put into the volumen of Polkadot (DOT) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.