A Step-by-Step-Guide on how to buy Polkadot (DOT) in Lebanon
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find (DOT) Polkadot Once your deposit has been approved, you'll immediately have access to your funds and you can start buying and trading. To invest in Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Polkadot (DOT), you will need to put the cointype (DOT) into the search box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've marked this also. Click on “DOT/BTC” to progress.
Step 4 – Purchasing (DOT) Polkadot After you have discovered Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The “Price” field will be filled with the most recent tariff (DOT) Polkadot was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of DOT you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of DOT. If you're glad, click on “Buy DOT”. Your order will be filled when a Vender trades their DOT for the price you introduced.
Step 5 – Withdraw (DOT) Polkadot Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer period of time. To take off your (DOT) Polkadot, hover over the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Put into the quantity of (DOT) Polkadot you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.