A Step-by-Step-Guide on how to buy Polkadot (DOT) in Mali
Step 1 – Signup to Kraken You will first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (DOT) Polkadot As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch invest and trading. To purchase Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. To locate (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “DOT/BTC” to progress.
Step 4 – Purchase (DOT) Polkadot As soon as you have spotted Polkadot (DOT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are creating our Limit Order. The “Price” field will be automatically filled with the most latest rate Polkadot (DOT) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of DOT you want to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole amount of DOT. If you're satisfied, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extensive time frame. In order to withdraw your (DOT) Polkadot, go to the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the quantity of Polkadot (DOT) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You could be requested for phone/email verification before a take off.