How to Buy Polkadot (DOT) in French Guiana

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (DOT) Polkadot

Once your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To buy (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “DOT/BTC” to go on.

Step 4 – Purchasing Polkadot (DOT)

As soon as you have found Polkadot (DOT), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation (DOT) Polkadot was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of DOT you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of DOT.

When you are happy, make a mouse click on “Buy DOT”. Your plan will be filled when a Seller trades their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your Polkadot (DOT), hover over the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the given drop-down box. Drop in the amount of (DOT) Polkadot you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Kudos! You have successfully purchased and stored (DOT) Polkadot in French Guiana.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored in your wallet, you are finished.