A Step-by-Step-Guide on how to buy Polkadot (DOT) in Sweden
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Polkadot (DOT) Once your deposit has been verified, you'll directly have access to your finances and you can start invest and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover (DOT) Polkadot, you'll need to put the cointype (DOT) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “DOT/BTC” to progress.
Step 4 – Purchase (DOT) Polkadot Once you've found (DOT) Polkadot, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation Polkadot (DOT) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of DOT you like to buy. The “Total” field is the whole price in BTC that you will settle for the complete quantity of DOT. When you are satisfied, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you're trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. To withdraw your Polkadot (DOT), go to the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the given drop-down box. Put into the amount of Polkadot (DOT) you would like to withdraw. Don't forget the presented minimus/fees. 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 ahead of a withdrawal.