A Step-by-Step-Guide on how to buy Polkadot (DOT) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Polkadot (DOT) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can start buying and trading. To invest in Polkadot (DOT) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To locate Polkadot (DOT), you'll need to insert the cointype (DOT) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “DOT/BTC” to go on.
Step 4 – Buy Polkadot (DOT) As soon as you have found Polkadot (DOT), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled with the most recent rate Polkadot (DOT) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of DOT you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of DOT. If you are happy, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender sells their DOT for the price you introduced.
Step 5 – Withdraw Polkadot (DOT) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Polkadot (DOT) by using the given drop-down box. Enter the quantity of Polkadot (DOT) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via email/phone before a take off.
Kudos! You've successfully bought and stored Polkadot (DOT) in Anguilla.That's it! Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored within your wallet, you're finished.
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