How to Buy Polkadot (DOT)

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

Step 1 – Join CEX.io

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and receive Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been affirmed, you'll instantly have access to your funds and you can initiate invest and trading. To purchase (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this too. Click on “DOT/BTC” to progress.

Binance Hot To Buy Polkadot (DOT)
Binance How to Buy (DOT) Polkadot
Step 4 – Purchase Polkadot (DOT)

Once you have spotted Polkadot (DOT), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the recent rate Polkadot (DOT) was sold for. This can be changed to your desired price. The ”Amount” field is the amount of DOT you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the complete amount of DOT.

When you are happy, click on “Buy DOT”. Your plan will be filled as soon as a Vender sells their DOT for the price you offered.

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to take off your (DOT) Polkadot, hover over the ”Funds” tab and click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Put into the amount of (DOT) Polkadot you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and safed Polkadot (DOT).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Polkadot (DOT) is safe within your wallet, you're all done.