A Step-by-Step-Guide on how to buy Polkadot (DOT) in Hong Kong
Step 1 – Join Kraken You will first need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum 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're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Polkadot (DOT) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can commence invest and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “DOT/BTC” to continue.
Step 4 – Purchase (DOT) Polkadot As soon as you've discovered Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order. The “Price” field will be automatically filled with the latest 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 wish to buy. The “Total” field is the total price in BTC that you will pay for the whole amount of DOT. When you're glad, click on “Buy DOT”. Your plan will be filled when a Vendor trades their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you are trading, best advise is not to keep your crypto on an Exchange for an longer time period. In order to take off your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the amount of (DOT) Polkadot you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification ahead of a take off.