How to Buy Polkadot (DOT) in Djibouti

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Djibouti

Step 1 – Signup to CEX.io

You'll first need to buy one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch buying and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

In order to find (DOT) Polkadot, you will need to put the cointype (DOT) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “DOT/BTC” to advance.

Step 4 – Acquisition of (DOT) Polkadot

Once you've spotted Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff Polkadot (DOT) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DOT you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of DOT.

If you are glad, click on “Buy DOT”. Your order will be filled as soon as a Seller sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you're trading, never keep your coins on an Crypto Exchange for an extended time period. To withdraw your Polkadot (DOT), hover over the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Enter the amount of (DOT) Polkadot you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congrats! You've successfully purchased and stored (DOT) Polkadot in Djibouti.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is safe inside your wallet, you are done.