How to Buy Polkadot (DOT) in Equatorial Guinea

Step 1 – Signup to Kraken

You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can launch purchasing and trading. To purchase Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot Polkadot (DOT), you will need to insert the cointype (DOT) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “DOT/BTC” to go on.

Step 4 – Acquisition of Polkadot (DOT)

Once you've found (DOT) Polkadot, you will be given 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 automatically filled with the most up-to-date tariff Polkadot (DOT) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of DOT you wish to buy. The “Total” field is the whole price in BTC that you will pay for the complete volumen of DOT.

If you are glad, click on “Buy DOT”. Your plan will be filled when a Vendor trades their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. In order to withdraw your (DOT) Polkadot, hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Put into the quantity of Polkadot (DOT) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click “Submit”. You may be asked for phone/email verification before a take off.