A Step-by-Step-Guide on how to buy Polkadot (DOT) in Papua New Guinea
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your first $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate (DOT) Polkadot As soon as your deposit has been verified, you will directly have access to your finances and you can initiate invest and trading. To purchase (DOT) Polkadot on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Polkadot (DOT), you'll need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “DOT/BTC” to go on.
Step 4 – Purchasing (DOT) Polkadot As soon as you have found (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation Polkadot (DOT) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of DOT you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of DOT. When you're glad, click on “Buy DOT”. Your order will be filled when a Vender trades their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer time period. In order to take off your Polkadot (DOT), go to the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the given drop-down box. Put into the volumen of (DOT) Polkadot you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.