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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 buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – {Send} Your {Funds} to an {Cryptocurrency Exchange}

Your {ETH (Ethereum) or BTC (Bitcoin)} {will need} to be sent over to an {Crypto Trader} now. {Every exchange has} a deposit form that is {identical}. Polkadot (DOT) is {available} on Binance, so {we're going to} use that as an {example}. {Unsure} on how to send {funds from Coinbase} to an {Cryptocurrency Exchange}? ({Follow} {these easy steps})

Make sure {you have} {selected} the {exact} coin you {would like} to deposit.

{BTC} must be sent to a {BTC} deposit address, {Ethereum} to an {Ethereum} deposit address, {and so forth}. {If} {you're} {working with} a decentralized exchange, {like} Airswap or DDEX could be {opposed} ({Follow} {our manual}).

Step 3 – {Find} Polkadot (DOT)

{As soon as} your deposit has been {approved}, {you'll} {now} have access to your {finances} and you can {start} {invest} and trading. To {buy} Polkadot (DOT) on Binance, {you will} want to {go to} the {”Exchange” tab} and{} {mouse click} on “Basic”.

{To} {discover} Polkadot (DOT), {you'll} need to {put} the {shortname of the coin} (DOT) into the {search-box}, which is {highlighted} in the {graphic}. {Be certain of having} {selected} the {proper} {pairing}, {we've} {highlighted} this {too}. Click on “DOT/BTC” to {advance}.

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

{As soon as} {you have} {discovered} Polkadot (DOT), {you will} be {presented with} a {Chart with Prices} (in the Center of the {image}) and {some} Order Books ({on the Left} of the {picture}). {Next} {we're} {going to create} our{} Limit Order.

The {”Price” field} will be {automatically filled} with the{} {up-to-date} {valuation} Polkadot (DOT) was {sold} for. {You can change this} to your {desired} {rate}. The {field with the “Amount” tag} is the {volumen} of DOT you {wish} to {buy}. The {field with the “Total” tag} is the {aggregated} price in {BTC} that {you will} {settle} for the {complete} {volumen} of DOT.

{When} {you're} {glad}, {make a mouse 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 Polkadot (DOT)

Unless {you're}{ regularly} trading, {never keep your} {crypto} on an {Crypto Trader} for an {extensive} {time frame}. {To} {take off} your Polkadot (DOT), {go to} the {”Funds” tab} and {click} on “Withdraw”. Polkadot (DOT) can be {safely stored} using a Wallet, {for instance} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Polkadot (DOT) by using the {provided} drop-down box. {Put into} the {quantity} of Polkadot (DOT) {you'd} {wish} to {take off}. {Take into account} the {shown} {minimus/fees}. Also make sure you have {entered} your {correct} withdraw address.

{When} {you're} {satisfied}, {make a mouse click on} “Submit”. You {could} be {asked} for {verfication via phone/email} {ahead of} a {take off}.

{Congrats}! {You've} successfully {purchased} and {stored} Polkadot (DOT).

That's it!

{Withdrawals} from {Exchange} can {durate} {between} 1 – 30 minutes ({depending} on {usage of the network}). {As soon as} {you've} {confirmed} your {take off} {using} {Ethplorer.io or Etherscan.io} and the Polkadot (DOT) is {safe} {inside} your wallet, {you are} {all done}.

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