How to Buy Polkadot (DOT) in Senegal

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds 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 BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been verified, you'll now have access to your finances and you can begin buying and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to spot Polkadot (DOT), you will need to insert the cointype (DOT) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this also. Click on “DOT/BTC” to progress.

Step 4 – Purchase Polkadot (DOT)

As soon as you have discovered (DOT) Polkadot, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled with the recent valuation (DOT) Polkadot was traded for. You can change this to your favoured rate. The “Amount” field is the amount of DOT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of DOT.

If you are satisfied, 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 frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the given drop-down box. Drop in the volumen of (DOT) Polkadot you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (DOT) Polkadot is stored inside your wallet, you're all done.