How to Buy Polkadot (DOT) in Montenegro

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can start purchasing and trading. To purchase (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To discover (DOT) Polkadot, you will need to put the cointype (DOT) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we've highlighted this also. Click on “DOT/BTC” to proceed.

Step 4 – Purchasing Polkadot (DOT)

Once you have spotted Polkadot (DOT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order.

The “Price” field will be automatically filled with the up-to-date price Polkadot (DOT) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of DOT you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of DOT.

If you're satisfied, make a mouse click on “Buy DOT”. Your order will be filled when a Seller trades their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. To take off your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Enter the volumen of (DOT) Polkadot you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and safed (DOT) Polkadot in Montenegro.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is safe within your wallet, you are done.
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