How to Buy Polkadot (DOT) in Somalia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Polkadot (DOT) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been confirmed, you'll instantly have access to your finances and you can begin purchasing and trading. To invest in (DOT) Polkadot on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find Polkadot (DOT), you'll need to put the shortname of the coin (DOT) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this too. Click on “DOT/BTC” to go on.

Step 4 – Acquisition of Polkadot (DOT)

As soon as you have discovered (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the recent tariff Polkadot (DOT) was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of DOT you like to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. In order to withdraw your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the given drop-down box. Drop in the volumen of (DOT) Polkadot you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and stored Polkadot (DOT) in Somalia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you're finished.