How to Buy Polkadot (DOT) in Jersey

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and getting your first 10$.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange 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 example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin buying and trading. To buy Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this also. Click on “DOT/BTC” to go ahead.

Step 4 – Buying Polkadot (DOT)

After you have discovered (DOT) Polkadot, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price Polkadot (DOT) was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of DOT you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of DOT.

When you are happy, make a mouse click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you gave.

Step 5 – Withdraw (DOT) Polkadot

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the provided drop-down box. Put into the quantity of Polkadot (DOT) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored Polkadot (DOT) in Jersey.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (DOT) Polkadot is safe inside your wallet, you're all done.