A Step-by-Step-Guide on how to buy Polkadot (DOT) in Tonga
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Polkadot (DOT) As soon as your deposit has been verified, you'll immediately have access to your assets and you can launch purchasing and trading. To purchase (DOT) Polkadot on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To find (DOT) Polkadot, you will need to insert the shortname of the coin (DOT) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “DOT/BTC” to continue.
Step 4 – Purchasing (DOT) Polkadot After you have spotted (DOT) Polkadot, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff (DOT) Polkadot was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of DOT you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of DOT. When you are satisfied, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Vender trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended period of time. To withdraw your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Polkadot (DOT) by using the given drop-down box. Put into the quantity of Polkadot (DOT) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.