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 Coinbase – Get Free $10

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and to get your first $10.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been affirmed, you will now have access to your assets and you can begin purchasing and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

To find Polkadot (DOT), you'll need to put the shortname of the coin (DOT) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we've highlighted this also. Click on “DOT/BTC” to continue.

Step 4 – Buy Polkadot (DOT)

Once you have found Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation Polkadot (DOT) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of DOT you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of DOT.

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

Step 5 – Withdraw (DOT) Polkadot

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

Find Polkadot (DOT) by using the given drop-down box. Enter the quantity of Polkadot (DOT) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You have successfully purchased and stored Polkadot (DOT) in Turks And Caicos Islands.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored in your wallet, you are all done.