A Step-by-Step-Guide on how to buy Polkadot (DOT) in Sint Maarten
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your welcome 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Polkadot (DOT) Once your deposit has been confirmed, you will immediately have access to your funds and you can launch buying and trading. To invest in (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Polkadot (DOT), you'll need to insert the cointype (DOT) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “DOT/BTC” to advance.
Step 4 – Purchase (DOT) Polkadot As soon as you have spotted Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation Polkadot (DOT) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of DOT you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of DOT. When you are satisfied, click on “Buy DOT”. Your order will be filled when a Seller trades their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you're regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Polkadot (DOT), go to the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Drop in the quantity of (DOT) Polkadot you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.