How to Buy Polkadot (DOT) in United States

A Step-by-Step-Guide on how to buy Polkadot (DOT) in United States

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (DOT) Polkadot

Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate purchasing and trading. To purchase (DOT) Polkadot on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to discover (DOT) Polkadot, you will need to put the shortname of the coin (DOT) into the search-box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this also. Click on “DOT/BTC” to go ahead.

Step 4 – Buying (DOT) Polkadot

As soon as you've located Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) 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 automatically with the latest tariff (DOT) Polkadot was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DOT you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of DOT.

When you are glad, make a mouse click on “Buy DOT”. Your plan will be filled when a Seller sells their DOT for the price you introduced.

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to withdraw your (DOT) Polkadot, hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Drop in the quantity of (DOT) Polkadot you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congratulations! You've successfully bought and safed (DOT) Polkadot in United States.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is safe in your wallet, you are all done.
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