A Step-by-Step-Guide on how to buy Polkadot (DOT)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive your first $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Polkadot (DOT) Once your deposit has been affirmed, you will instantly have access to your assets and you can launch invest and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate Polkadot (DOT), you will need to put the cointype (DOT) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we've marked this also. Click on “DOT/BTC” to go ahead.
Step 4 – Purchasing (DOT) Polkadot After you've found (DOT) Polkadot, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the most latest valuation (DOT) Polkadot was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DOT you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of DOT. If you're happy, click on “Buy DOT”. Your plan will be filled as soon as a Vender trades their DOT for the price you submitted.
Step 5 – Withdraw Polkadot (DOT) Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. To withdraw your Polkadot (DOT), hover over the ”Funds” tab and click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Polkadot (DOT) by using the provided drop-down box. Put into the amount of Polkadot (DOT) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.