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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been verified, you will immediately have access to your funds and you can begin purchasing and trading. To purchase Polkadot (DOT) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover Polkadot (DOT), you'll need to insert the shortname of the coin (DOT) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've marked this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchase Polkadot (DOT)

After you've spotted Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order.

The ”Price” field will be filled automatically with the most recent price Polkadot (DOT) was traded for. You can change this to your favoured price. The ”Amount” field is the amount of DOT you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of DOT.

If you're glad, click on “Buy DOT”. Your order will be filled when a Seller trades their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, you should never keepyour crypto on an Exchange for an extended period of time. In order to withdraw your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Put into the quantity of Polkadot (DOT) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.