A Step-by-Step-Guide on how to buy Polkadot (DOT) in Mali
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and receive your first $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Polkadot (DOT) Once your deposit has been affirmed, you will instantly have access to your finances and you can start purchasing and trading. To invest in Polkadot (DOT) on Binance, you'll want to go to the “Exchange” tab and after that 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 highlighted in the image. Be certain of having choosen the proper pairing, we have marked this too. Click on “DOT/BTC” to go ahead.
Step 4 – Acquisition of Polkadot (DOT) After you've spotted (DOT) Polkadot, you will 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 latest rate Polkadot (DOT) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of DOT you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of DOT. When you're happy, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vender sells their DOT for the price you gave.
Step 5 – Withdraw (DOT) Polkadot Unless you are frequently trading, never keep your crypto on an Exchange for an longer time period. In order to withdraw your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Drop in the quantity of Polkadot (DOT) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.