A Step-by-Step-Guide on how to buy Polkadot (DOT) in Saint Helena
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Polkadot (DOT) Once your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To purchase (DOT) Polkadot on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this too. Click on “DOT/BTC” to progress.
Step 4 – Buy Polkadot (DOT) As soon as you have found Polkadot (DOT), you'll be presented with 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 recent valuation (DOT) Polkadot was traded for. You can change this to your favoured price. The “Amount” field is the volumen of DOT you want to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of DOT. If you're happy, click on “Buy DOT”. Your order will be filled as soon as a Vender sells their DOT for the price you introduced.
Step 5 – Withdraw (DOT) Polkadot Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an extended period of time. In order to take off your Polkadot (DOT), go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the given drop-down box. Enter the amount of (DOT) Polkadot you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.