How to Buy Polkadot (DOT) in Malawi

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

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

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome 10 Dollar.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Polkadot (DOT)

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can begin buying and trading. To purchase (DOT) Polkadot on Binance, you'll want to go to the tab which is calledExchangeand after that click onBasic”.

To discover (DOT) Polkadot, you'll need to put the shortname of the coin (DOT) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've marked this also. Click onDOT/BTCto go on.

Step 4 – Purchase Polkadot (DOT)

After you've spotted (DOT) Polkadot, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The field with thePricetag will be filled automatically with the recent rate Polkadot (DOT) was sold for. This can be changed to your preferred price. TheAmountfield is the quantity of DOT you like to purchase. The field with theTotaltag is the whole price in Bitcoin that you will settle for the complete volumen of DOT.

If you are happy, make a mouse click onBuy DOT”. Your plan will be filled as soon as a Vender sells their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extended time frame. To take off your Polkadot (DOT), go to the tab calledFundsand click onWithdraw”. (DOT) Polkadot can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Enter the quantity of (DOT) Polkadot you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, clickSubmit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully bought and stored Polkadot (DOT) in Malawi.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe inside your wallet, you are finished.