How to Buy Polkadot (DOT)

A Step-by-Step-Guide on 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).

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

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

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been approved, you'll directly have access to your funds and you can begin buying and trading. To invest in Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To locate Polkadot (DOT), you'll need to put the cointype (DOT) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “DOT/BTC” to continue.

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

As soon as you have found Polkadot (DOT), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The ”Price” field will be filled with the most latest valuation Polkadot (DOT) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of DOT you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of DOT.

If you're glad, click on “Buy DOT”. Your plan will be filled as soon as a Vendor sells their DOT for the price you gave.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. 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)

Locate Polkadot (DOT) by using the given drop-down box. Drop in the volumen of Polkadot (DOT) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and safed Polkadot (DOT).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe inside your wallet, you are all done.

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