A Step-by-Step-Guide on how to buy Polkadot (DOT) in South Georgia And South Sandwich Islands
Step 1 – Join Kraken You'll first need to buy one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Polkadot (DOT) Once your deposit has been confirmed, you will instantly have access to your assets and you can commence buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “DOT/BTC” to advance.
Step 4 – Purchasing Polkadot (DOT) After you've discovered Polkadot (DOT), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to create our own Limit Order. The “Price” field will be automatically filled with the most recent tariff Polkadot (DOT) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of DOT you wish to purchase. The “Total” field is the total price in BTC that you'll settle for the complete quantity of DOT. If you are happy, click on “Buy DOT”. Your order will be filled as soon as a Vendor sells their DOT for the price you submitted.
Step 5 – Withdraw (DOT) Polkadot Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To take off your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Polkadot (DOT) by using the given drop-down box. Drop in the amount of (DOT) Polkadot you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.