A Step-by-Step-Guide on how to buy Polkadot (DOT) in Pakistan
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need 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. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Polkadot (DOT) Once your deposit has been verified, you'll now have access to your finances and you can start buying and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. To find Polkadot (DOT), you'll need to put the cointype (DOT) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “DOT/BTC” to proceed.
Step 4 – Purchase Polkadot (DOT) Once you've found Polkadot (DOT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Polkadot (DOT) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DOT you like to buy. The “Total” field is the total price in BTC that you'll settle for the whole quantity of DOT. If you're glad, click on “Buy DOT”. Your plan will be filled as soon as a Seller trades 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 Exchange for an longer period of time. To take off your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Put into the amount of (DOT) Polkadot you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be requested for email/phone verification before a take off.