How to Buy Polkadot (DOT) in Malawi

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

Step 1 – Join CEX.io

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been affirmed, you will instantly have access to your funds and you can launch buying and trading. To purchase Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To discover Polkadot (DOT), you'll need to insert the short name of the asset (DOT) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “DOT/BTC” to go ahead.

Step 4 – Purchase Polkadot (DOT)

Once you have spotted Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our Limit Order.

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

When you are happy, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vender trades their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time period. To take off your Polkadot (DOT), go to the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Polkadot (DOT) by using the provided drop-down box. Enter the amount of Polkadot (DOT) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and stored (DOT) Polkadot in Malawi.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored inside your wallet, you're done.