A Step-by-Step-Guide on how to buy Polkadot (DOT) in Samoa
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your welcome $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto 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. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (DOT) Polkadot As soon as your deposit has been confirmed, you will directly have access to your finances and you can launch purchasing and trading. To buy (DOT) Polkadot on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To spot Polkadot (DOT), you'll need to insert the cointype (DOT) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “DOT/BTC” to go ahead.
Step 4 – Purchasing Polkadot (DOT) As soon as you have located Polkadot (DOT), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The “Price” field will be filled automatically with the up-to-date valuation (DOT) Polkadot was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of DOT you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of DOT. When you are glad, click on “Buy DOT”. Your order will be filled when a Vendor sells their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, never keep your coins 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 click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the given drop-down box. Drop in the quantity of Polkadot (DOT) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.