A Step-by-Step-Guide on how to buy Polkadot (DOT)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your welcome $10.
Step 2 – Transmit Your Funds 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 similar. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (DOT) Polkadot As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can commence buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot (DOT) Polkadot, you will need to insert the short name of the asset (DOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “DOT/BTC” to go on.
Step 4 – Purchase (DOT) Polkadot As soon as you have located (DOT) Polkadot, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the most recent valuation Polkadot (DOT) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of DOT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of DOT. If you are happy, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Seller trades their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you are frequently trading, never keep your coins on an Exchange for an extended period of time. To take off your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Enter the volumen of (DOT) Polkadot you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, click on “Submit”. You could be requested for email/phone verification before a take off.