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 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Polkadot (DOT) Once your deposit has been confirmed, you will instantly have access to your assets and you can start invest and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Polkadot (DOT), you'll need to put the cointype (DOT) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we've highlighted this also. Click on “DOT/BTC” to go on.
Step 4 – Purchasing Polkadot (DOT) As soon as you have located Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Polkadot (DOT) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of DOT you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of DOT. If you're glad, click on “Buy DOT”. Your order will be filled when a Vender sells their DOT for the price you offered.
Step 5 – Withdraw Polkadot (DOT) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your Polkadot (DOT), hover over the ”Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored safely 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 like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.
Congrats! You've successfully purchased and safed Polkadot (DOT) in Anguilla.That's it! Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored in your wallet, you are finished.
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