How to Buy Polkadot (DOT) in Virgin Islands

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Virgin Islands

Step 1 – Join Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get 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 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. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been approved, you'll instantly have access to your finances and you can initiate purchasing and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To find (DOT) Polkadot, you will need to insert the short name of the asset (DOT) into the search box, which is marked in the picture. Be certain of having selected the right pairing, we have marked this too. Click on “DOT/BTC” to go on.

Step 4 – Buying (DOT) Polkadot

As soon as you've found (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Polkadot (DOT) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of DOT you want to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time frame. In order to take off your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You have successfully bought and stored Polkadot (DOT) in Virgin Islands.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you're done.
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