How to Buy Polkadot (DOT)

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

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

Step 3 – Locate Polkadot (DOT)

Once your deposit has been affirmed, you'll now have access to your funds and you can start buying and trading. To purchase Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To locate Polkadot (DOT), you'll need to insert the shortname of the coin (DOT) into the search box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “DOT/BTC” to go ahead.

Step 4 – Buying Polkadot (DOT)

After you've located Polkadot (DOT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation Polkadot (DOT) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of DOT you wish to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of DOT.

When you are glad, click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Polkadot (DOT), go to the ”Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the given drop-down box. Put into the volumen of Polkadot (DOT) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.