How to Buy Polkadot (DOT) in Montserrat

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

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Binance Signup

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been verified, you will instantly have access to your assets and you can start invest and trading. To purchase (DOT) Polkadot on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find (DOT) Polkadot, you will need to insert the cointype (DOT) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “DOT/BTC” to advance.

Step 4 – Acquisition of (DOT) Polkadot

As soon as you've discovered Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are creating our Limit Order.

The “Price” field will be filled automatically with the up-to-date price (DOT) Polkadot was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of DOT you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of DOT.

When you're happy, click on “Buy DOT”. Your order will be filled as soon as a Seller trades their DOT for the price you gave.

Step 5 – Withdraw (DOT) Polkadot

Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (DOT) Polkadot, hover over the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Polkadot (DOT) by using the provided drop-down box. Put into the amount of (DOT) Polkadot you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Congrats! You've successfully purchased and safed (DOT) Polkadot in Montserrat.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you are finished.
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