A Step-by-Step-Guide on how to buy Polkadot (DOT) in Sao Tome And Principe
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find (DOT) Polkadot As soon as your deposit has been approved, you will now have access to your assets and you can begin purchasing and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover (DOT) Polkadot, you'll need to insert the cointype (DOT) into the search box, which is marked in the picture. Make sure you have selected 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 discovered Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled with the up-to-date rate (DOT) Polkadot was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of DOT you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of DOT. If you're satisfied, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you offered.
Step 5 – Withdraw (DOT) Polkadot Unless you are trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. To withdraw your Polkadot (DOT), go to the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.