How to Buy Polkadot (DOT) in Samoa

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

Step 1 – Join Kraken

You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Polkadot (DOT) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been approved, you'll immediately have access to your funds and you can start purchasing and trading. To invest in (DOT) Polkadot on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To find Polkadot (DOT), you will need to insert the cointype (DOT) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “DOT/BTC” to go ahead.

Step 4 – Purchase Polkadot (DOT)

After you've found Polkadot (DOT), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our Limit Order.

The “Price” field will be filled automatically with the most recent tariff Polkadot (DOT) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of DOT you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of DOT.

When you are satisfied, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Seller trades their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. To take off your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the given drop-down box. Drop in the volumen of Polkadot (DOT) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You have successfully bought and stored (DOT) Polkadot in Samoa.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you're done.