A Step-by-Step-Guide on how to buy Polkadot (DOT) in Pakistan
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (DOT) Polkadot As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can begin purchasing and trading. To buy Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To find (DOT) Polkadot, you'll need to insert the shortname of the coin (DOT) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we've highlighted this too. Click on “DOT/BTC” to go on.
Step 4 – Purchase (DOT) Polkadot After you have located Polkadot (DOT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our Limit Order. The “Price” field will be filled with the recent price Polkadot (DOT) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of DOT you like to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole quantity of DOT. When you are happy, click on “Buy DOT”. Your order will be filled when a Seller sells their DOT for the price you offered.
Step 5 – Withdraw (DOT) Polkadot Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer period of time. To take off your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Enter the quantity of Polkadot (DOT) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You could be asked for phone/email verification before a take off.