A Step-by-Step-Guide on how to buy Polkadot (DOT)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin 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 divergent (Follow these easy steps).
Step 3 – Locate Polkadot (DOT) As soon as your deposit has been affirmed, you will now have access to your assets and you can start invest and trading. To purchase Polkadot (DOT) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Polkadot (DOT), you will need to insert the short name of the asset (DOT) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “DOT/BTC” to proceed.
Step 4 – Acquisition of Polkadot (DOT) After you have found Polkadot (DOT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price Polkadot (DOT) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of DOT you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the complete amount of DOT. If you are glad, click on “Buy DOT”. Your plan will be filled when a Vender sells their DOT for the price you gave.
Step 5 – Withdraw Polkadot (DOT) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time frame. To withdraw your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the provided drop-down box. Put into the quantity of Polkadot (DOT) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.