How to Buy Polkadot (DOT) in Guinea

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

Step 1 – Join Kraken

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) 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're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can start purchasing and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover (DOT) Polkadot, you'll need to put the cointype (DOT) into the search-box, which is highlighted in the picture. Be certain of having choosen 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 Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our Limit Order.

The “Price” field will be filled automatically with the most latest rate Polkadot (DOT) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of DOT you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of DOT.

If you're satisfied, make a mouse click on “Buy DOT”. Your plan will be filled when a Seller trades their DOT for the price you gave.

Step 5 – Withdraw (DOT) Polkadot

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

Locate (DOT) Polkadot by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You've successfully bought and safed (DOT) Polkadot in Guinea.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (DOT) Polkadot is safe inside your wallet, you are finished.