How to Buy Polkadot (DOT) in Jamaica

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

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Polkadot (DOT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been affirmed, you will immediately have access to your finances and you can initiate buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

To find (DOT) Polkadot, you'll need to insert the cointype (DOT) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “DOT/BTC” to continue.

Step 4 – Purchase Polkadot (DOT)

As soon as you have located (DOT) Polkadot, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled with the recent valuation Polkadot (DOT) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of DOT you wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of DOT.

When you are satisfied, click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you gave.

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (DOT) Polkadot, go to the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Put into the amount of Polkadot (DOT) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, click “Submit”. You could be requested for email/phone verification before a take off.

Congratulations! You have successfully bought and stored (DOT) Polkadot in Jamaica.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored within your wallet, you are all done.