A Step-by-Step-Guide on how to buy Polkadot (DOT) in Pitcairn Islands
Step 1 – Signup to Kraken You will first need to buy one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin has 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 example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate (DOT) Polkadot Once your deposit has been verified, you'll immediately have access to your funds and you can begin invest and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Polkadot (DOT), you'll need to put the cointype (DOT) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “DOT/BTC” to go ahead.
Step 4 – Buy Polkadot (DOT) After you have found Polkadot (DOT), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the recent rate (DOT) Polkadot was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of DOT you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of DOT. When you're glad, make a mouse click on “Buy DOT”. Your order will be filled when a Vender trades their DOT for the price you introduced.
Step 5 – Withdraw (DOT) Polkadot Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to withdraw your (DOT) Polkadot, go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the given drop-down box. Enter the volumen of (DOT) Polkadot you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.