A Step-by-Step-Guide on how to buy Polkadot (DOT) in Monaco
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have 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 Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Polkadot (DOT) As soon as your deposit has been confirmed, you'll now have access to your assets and you can initiate buying and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. To locate (DOT) Polkadot, you'll need to put the shortname of the coin (DOT) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “DOT/BTC” to advance.
Step 4 – Purchase (DOT) Polkadot Once you have discovered Polkadot (DOT), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation (DOT) Polkadot was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of DOT you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of DOT. When you are glad, click on “Buy DOT”. Your order will be filled as soon as a Vendor trades their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. To withdraw your Polkadot (DOT), go to the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the amount of (DOT) Polkadot you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, click on “Submit”. You could be requested for phone/email verification ahead of a take off.