How to Buy Polkadot (DOT) in Anguilla

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).

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

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 accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find {Polkadot (DOT)|(DOT) Polkadot}

As soon as your deposit has been verified, you'll directly have access to your assets and you can initiate buying and trading. To purchase {Polkadot (DOT)|(DOT) Polkadot} on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

To find {Polkadot (DOT)|(DOT) Polkadot}, you'll need to insert the short name of the asset (DOT) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we have marked this too. Click on “DOT/BTC” to go on.

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

Once you've spotted {Polkadot (DOT)|(DOT) Polkadot}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be filled with the most recent tariff {Polkadot (DOT)|(DOT) Polkadot} was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of DOT you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete volumen of DOT.

If you are satisfied, 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)|(DOT) Polkadot}

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your {Polkadot (DOT)|(DOT) Polkadot}, go to the tab called “Funds” and click on “Withdraw”. {Polkadot (DOT)|(DOT) Polkadot} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Polkadot (DOT)|(DOT) Polkadot} by using the provided drop-down box. Drop in the quantity of {Polkadot (DOT)|(DOT) Polkadot} you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you are happy, click “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You've successfully bought and stored Polkadot (DOT) in Anguilla.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Polkadot (DOT)|(DOT) Polkadot} is stored inside your wallet, you are finished.

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