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Wednesday, February 24, 2021

How to convert Bitcoin to Polkadot in Kraken

Please read the disclaimer first.

Now that I have funded my Kraken account with Bitcoin (BTC), I can finally convert it to Polkadot (DOT).

Click on "Prices" from the top menu.  You can change the base currency from the dropdown to XBT (Bitcoin), to see the exchange rate.

Click on "BUY/SELL" to start.

Click on "Convert", since I'm converting from Bitcoin in the wallet.

From "Bitcoin", you can search "dot" to find "Polkadot".  I wish it would prepopulate this from the row I clicked "BUY/SELL" on...  :(

Enter Amount and click "Preview convert".  I'm going to put 2/3 of my balance in DOT.

Confirm your order, and click "Convert now".

Done!  Click "View receipt" to see what happened.

Here's the transaction receipt.

E-mail from Kraken, "Polkadot - Purchase successful".

Shows up in balances at the top page.  :)

If you scroll down, the transaction shows in Ledger section.  You can also see this information from the "History" menu.

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