How to Buy Polkadot (DOT) in Cayman Islands

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been approved, you will instantly have access to your finances and you can commence invest and trading. To purchase (DOT) Polkadot on Binance, you'll want to go to the tab which is calledExchangeand mouse click onBasic”.

In order to discover Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this too. Click onDOT/BTCto progress.

Step 4 – Buy Polkadot (DOT)

Once you have discovered Polkadot (DOT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with thePricetag will be automatically filled with the recent price (DOT) Polkadot was traded for. This can be changed to your favoured rate. TheAmountfield is the volumen of DOT you want to purchase. The field with theTotaltag is the total price in BTC that you will pay for the complete quantity of DOT.

When you are glad, click onBuy DOT”. Your plan will be filled as soon as a Seller sells their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. In order to withdraw your (DOT) Polkadot, hover over the tab calledFundsand click onWithdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Put into the quantity of (DOT) Polkadot you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click onSubmit”. You may be asked for phone/email verification ahead of a withdrawal.

Kudos! You have successfully bought and stored (DOT) Polkadot in Cayman Islands.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is safe inside your wallet, you're done.