A Step-by-Step-Guide on how to buy Polkadot (DOT) in Saint Vincent And The Grenadines
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (DOT) Polkadot Once your deposit has been confirmed, you'll now have access to your funds and you can launch purchasing and trading. To buy Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Polkadot (DOT), you will need to insert the short name of the asset (DOT) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “DOT/BTC” to go ahead.
Step 4 – Purchasing (DOT) Polkadot As soon as you have located (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our Limit Order. The “Price” field will be filled automatically with the most up-to-date price Polkadot (DOT) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of DOT you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of DOT. If you are glad, make a mouse click on “Buy DOT”. Your order will be filled when a Seller sells their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended period of time. In order to take off your Polkadot (DOT), 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) Locate Polkadot (DOT) by using the given drop-down box. Drop in the amount of (DOT) Polkadot you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be requested for phone/email verification before a withdrawal.