How to Buy Polkadot (DOT) in Saint Lucia

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

Step 1 – Join Kraken

You will first need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To invest in (DOT) Polkadot on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

To locate (DOT) Polkadot, you will need to insert the cointype (DOT) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've highlighted this also. Click on “DOT/BTC” to go on.

Step 4 – Buy (DOT) Polkadot

As soon as you've discovered 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 image). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (DOT) Polkadot was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of DOT you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of DOT.

When you're glad, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Drop in the volumen of (DOT) Polkadot you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Congrats! You've successfully bought and safed (DOT) Polkadot in Saint Lucia.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe inside your wallet, you are all done.
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