How to Buy Polkadot (DOT) in Saint Barthelemy

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive your first $10.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need 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're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been approved, you will instantly have access to your finances and you can initiate buying and trading. To purchase Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate Polkadot (DOT), you will need to put the cointype (DOT) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this also. Click on “DOT/BTC” to continue.

Step 4 – Buy Polkadot (DOT)

After you have found Polkadot (DOT), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff Polkadot (DOT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of DOT you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To withdraw your (DOT) Polkadot, hover over the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Put into the volumen of (DOT) Polkadot you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully purchased and safed Polkadot (DOT) in Saint Barthelemy.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored in your wallet, you are done.