How to Buy Polkadot (DOT) in French Polynesia

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first 10$.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

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

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been affirmed, you will immediately have access to your assets and you can commence invest and trading. To invest in (DOT) Polkadot on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To locate (DOT) Polkadot, you will need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have marked this too. Click on “DOT/BTC” to progress.

Step 4 – Acquisition of Polkadot (DOT)

Once you have located Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent tariff Polkadot (DOT) was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of DOT you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your Polkadot (DOT), go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Put into the quantity of (DOT) Polkadot you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and stored (DOT) Polkadot in French Polynesia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored within your wallet, you're all done.