If you want to get your hands on some Polkadot (DOT) tokens, Binance is one of the best places to go. In this article, we’ll show you how to buy DOT on Binance in just a few simple steps.
Before you can start trading, you’ll need to set up a Binance account. The process is quick and easy, and you can find our guide on how to do that here.
Once your account is up and running, you’ll need to deposit some funds into it. Binance offers a variety of deposit methods, but we recommend using Bitcoin (BTC) or Ethereum (ETH) since they tend to have the Lowest transaction fees.
Once your account is funded, head over to the “Exchange” tab and search for “DOT/BTC” or “DOT/ETH” in the search bar. This will bring up the DOT/BTC or DOT/ETH trading pair on the Binance spot market.
At the bottom of the order form, you’ll see an option to place a “Market” or “Limit” order. For a market order, you’ll simply need to enter the amount of DOT you want to buy and click “Buy DOT”. Your order will be filled at the best available price.
For a limit order, you can set the price at which you want to buy DOT. Your order will only be filled if DOT reaches that price.
Once your order is filled, congrats! You now own some DOT tokens that are stored in your Binance wallet. You can hold onto these tokens or trade them for other cryptocurrencies on Binance.
To wrap things up, buying DOT on Binance is a relatively simple process. Just make sure you have a Binance account set up and funded with BTC or ETH before getting started.
And that’s it! In no time at all, you’ll be a proud owner of DOT tokens.