How to Buy Polkadot (DOT) in Turks And Caicos Islands

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Turks And Caicos Islands

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have 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 funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the precise coin you would like to deposit.

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

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can begin purchasing and trading. To buy (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate (DOT) Polkadot, you will need to insert the cointype (DOT) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “DOT/BTC” to go on.

Step 4 – Purchasing Polkadot (DOT)

After you have located Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The “Price” field will be automatically filled with the most recent valuation (DOT) Polkadot was traded for. This can be changed to your desired rate. The “Amount” field is the amount of DOT you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of DOT.

If you're glad, click on “Buy DOT”. Your plan will be filled when a Vendor trades their DOT for the price you offered.

Step 5 – Withdraw (DOT) Polkadot

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Put into the amount of (DOT) Polkadot you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Congrats! You've successfully bought and safed (DOT) Polkadot in Turks And Caicos Islands.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Polkadot (DOT) is safe in your wallet, you're finished.