A Step-by-Step-Guide on how to buy Polkadot (DOT) in Gambia
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your welcome 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (DOT) Polkadot Once your deposit has been approved, you will directly have access to your finances and you can launch buying and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. In order to discover Polkadot (DOT), you'll need to put the cointype (DOT) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've highlighted this too. Click on “DOT/BTC” to advance.
Step 4 – Purchase Polkadot (DOT) Once you've spotted (DOT) Polkadot, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price (DOT) Polkadot was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of DOT you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of DOT. If you are glad, click on “Buy DOT”. Your order will be filled as soon as a Vendor sells their DOT for the price you offered.
Step 5 – Withdraw Polkadot (DOT) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extensive period of time. To withdraw your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.