How to Buy Polkadot (DOT) in Malta

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been verified, you will directly have access to your assets and you can begin purchasing and trading. To buy (DOT) Polkadot 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 put the cointype (DOT) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this also. Click on “DOT/BTC” to advance.

Step 4 – Acquisition of Polkadot (DOT)

Once you've located Polkadot (DOT), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be automatically filled with the recent valuation Polkadot (DOT) was traded for. You can change this to your preferred price. The “Amount” field is the amount of DOT you like to buy. The “Total” field is the whole price in BTC that you will settle for the complete volumen of DOT.

When you're glad, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Seller sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To take off your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You have successfully bought and stored Polkadot (DOT) in Malta.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored in your wallet, you're finished.