A Step-by-Step-Guide on how to buy Polkadot (DOT) in Tuvalu
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (DOT) Polkadot Once your deposit has been approved, you'll immediately have access to your funds and you can commence invest and trading. To purchase (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To discover Polkadot (DOT), you'll need to put the cointype (DOT) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “DOT/BTC” to proceed.
Step 4 – Purchasing Polkadot (DOT) After you have discovered (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're creating our own Limit Order. The “Price” field will be filled with the latest tariff (DOT) Polkadot was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DOT you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of DOT. If you're glad, make a mouse click on “Buy DOT”. Your order will be filled when a Seller sells their DOT for the price you introduced.
Step 5 – Withdraw (DOT) Polkadot Unless you're trading, best advise is not to keep coins on an Exchange for an longer time period. In order to withdraw your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Put into the amount of (DOT) Polkadot you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.