How to Buy Polkadot (DOT) in Guam

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need 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're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been approved, you will immediately have access to your assets and you can launch invest and trading. To invest in (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've marked this also. Click on “DOT/BTC” to go ahead.

Step 4 – Acquisition of Polkadot (DOT)

Once you've discovered Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are making our Limit Order.

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

When you're satisfied, click on “Buy DOT”. Your order will be filled as soon as a Seller trades their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. To take off your (DOT) Polkadot, hover over the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and safed Polkadot (DOT) in Guam.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored in your wallet, you're finished.
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