A Step-by-Step-Guide on how to buy Polkadot (DOT) in Sint Maarten
Step 1 – Join Kraken You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Polkadot (DOT) As soon as your deposit has been affirmed, you will directly have access to your funds and you can commence buying and trading. To purchase (DOT) Polkadot on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to find (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this too. Click on “DOT/BTC” to continue.
Step 4 – Purchase (DOT) Polkadot As soon as you have spotted Polkadot (DOT), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff Polkadot (DOT) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of DOT you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of DOT. When you are happy, click on “Buy DOT”. Your plan will be filled when a Seller sells their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, best advise is not to keep coins on an Exchange for an extended time frame. To take off your (DOT) Polkadot, go to the “Funds” tab and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the given drop-down box. Put into the quantity of (DOT) Polkadot you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.