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How to Buy Polkadot (DOT)

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been approved, you'll instantly have access to your finances and you can launch purchasing and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse 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 choosen the proper grouping, we have marked this also. Click on “DOT/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Polkadot (DOT)
Step 4 – Buying (DOT) Polkadot

After you have spotted (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). For now we are going to make our Limit Order.

The ”Price” field will be automatically filled with the recent rate (DOT) Polkadot was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of DOT you want to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of DOT.

When you're happy, click on “Buy DOT”. Your plan will be filled when a Seller sells their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (DOT) Polkadot, hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Drop in the volumen of (DOT) Polkadot you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You could be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and stored (DOT) Polkadot.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored within your wallet, you are finished.