A Step-by-Step-Guide on how to buy Polkadot (DOT) in Ireland
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your first 10 Dollar.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Polkadot (DOT) Once your deposit has been approved, you'll directly have access to your finances and you can initiate buying and trading. To invest in (DOT) Polkadot on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To find (DOT) Polkadot, you will need to insert the short name of the asset (DOT) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “DOT/BTC” to go ahead.
Step 4 – Acquisition of Polkadot (DOT) After you've discovered (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Polkadot (DOT) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DOT you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of DOT. If you're satisfied, make a mouse 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, you should never keepyour coins on an Exchange for an extended time frame. In order to withdraw your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Put into the volumen of Polkadot (DOT) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.