A Step-by-Step-Guide on how to buy Polkadot (DOT) in Vanuatu
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (DOT) Polkadot As soon as your deposit has been verified, you'll instantly have access to your finances and you can launch purchasing and trading. To invest in Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover (DOT) Polkadot, you will need to put the cointype (DOT) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “DOT/BTC” to go ahead.
Step 4 – Buying Polkadot (DOT) After you have spotted Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the recent price (DOT) Polkadot was sold for. This can be changed to your desired price. The “Amount” field is the amount of DOT you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of DOT. If you're satisfied, click on “Buy DOT”. Your plan will be filled when a Vender sells their DOT for the price you offered.
Step 5 – Withdraw (DOT) Polkadot Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time frame. To withdraw your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DOT) Polkadot by using the provided drop-down box. Enter the volumen of Polkadot (DOT) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be requested for phone/email verification ahead of a take off.