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How to set up a Polkadot.js Polkadot wallet and send $DOT to it

Introduction

Crowdloans are one of the hot opportunities at the moment. There are different options for how you can join a crowdloan. To maximize the rewards and bonuses, you need to use setup a native Polkadot Wallet.

In this tutorial, we are going to cover the following topics.

  • How to set up a Polkadot.js Wallet
  • How to transfer funds to your Polkadot Wallet
  • How to attend a Crowdloan

Let's get started.

Setup your Polkdot-js Wallet

First, we need a wallet that works with the Polkadot blockchain. We will go with Polkadot.js Wallet. If you do not have a Polkadot Wallet set up yet, follow the following steps.

Step 1: Go to the  Polkadot.js Website and Choose the Extension

Polkadot.js.org

Step 2: Download the Extension for your Browser

Download Polkadot.js Extension

Step 3: Open Browser Extension and Click on the + to add an account

Like with every Wallet you create outside of the central exchange, you need to keep your Wallet's mnemonic seed safe. Please write it down and put it in a safe place. Never store images or plain text versions of it online. The seed can be used to restore your Wallet and gives full access to your assets. Be careful with that. 

After writing down your seed, you can choose an account name and set a password for your Wallet. 

Create an Polkadot.j account

Step 4: Go back to the  Polkadot.js.org Website and click on apps wallet hosted

Here you need to authorize the page to connect with your Wallet. Always read the details and double-check the URL if it is the right one. 

Step 5: Send and Receive Tokens

Now you should see your account information; if you just created your Wallet, there will be 0 DOT on it. From here, you can send and receive DOT.

Before you send DOT to your newly created Wallet, always check that you set the right Network. In your Extension, you can do that at the three dots next to the wallet address in the dropdown. 

Polkadot.js Apps

Transfer DOT to your Wallet

We will transfer DOT from our Binance Account. This should also work similarly to any central exchange you are using. 

Step 1: Log in to your Binance Account

And buy DOT Tokens if you did not do that yet. 

Step 2: Get your Polkadot Address from Polkadot.js

Go to Polkadot.js.org Apps. Connect it with your Extension. Click on the icon next to your Account name where you want to transfer your funds too. Your account address should have been copied to your clipboard. Always double-check if you have set the right Network in our Case Polkadot Relay Chain. 

Step 3: Transfer $DOT to your Polkadot.js Wallet

Choose the DOT Token. Check the withdrawal options

Binance $DOT Transfer to Polkadot.js

If you make a bigger transfer and you are doing this the first time, it is maybe better to make a smaller transfer before you send all your crypto millions on the way. 

Enter the Polkadot Relay Chain Address from your Wallet, check if you are ok with the Binance Transaction Fees, and send if everything is alright. You should be able to see the transferred $DOT within a couple of minutes on your Wallet. If you make a test transfer, repeat for the larger amount. 

That's it; you are ready to contribute to the crowdloan. 

Contribute to the ASTAR Crowdloan

Let's see how to contribute to the Astar Network. 

Option 1: Directly through the Astar Network Site with 1% Bonus

You can directly contribute through the Astar Network Crowloan Website (Affiliate Link)

  1. Visit the Crowdloan page.
  2. Allow our page to use your Polkadot JS extension. If you did not set up your Polkadot JS wallet yet, you find a tutorial here. (insert link after writing the article) You will also find in the tutorial how to send DOT to your Wallet. 
  3. Select your Wallet and choose the amount you want to contribute to the Astar Crowdloan. 
  4. If you use my referral code, you will get a 1% bonus for using the referral link. My code is 1ExFmCkWP5nKMS6Di8rrEmdJquSUkcxrbuqm2aPmRMTEWsc
  5. Click 'Contribute Now.'

That's all. 

Option 2: Contribution through Parallel Finance with multiple Bonuses

If you contribute via my Parallel Finance Link, you will get:

  • 5% bonus in PARA Tokens (you and I get this)
  • 1 % Astar Bonus
  • Early Bird ASTR Bonus for contributing
  • 11/18/21-12/2/21 - extra 4%
  • 12/2/21-12/16/21 - extra 2%
  • By default, we will be giving Astar referral bonuses to Parallel users per Astar's distribution rules for referrers and referees. For every 1 DOT contributed, you will get 10 ASTR, in addition to the 1% bonus on contributions.
  • After Parallel launches on Polkadot, users will be able to do mining on their locked ASTR.

Here are the steps. 

  1. Visit the Astar Crowdloan Page on Parallel Finance
  2. Allow our page to use your Polkadot JS extension. If you did not set up your Polkadot JS wallet yet, you find a tutorial here. (insert link after writing the article) You will also find in the tutorial how to send DOT to your Wallet. 
  3. Select your Wallet and choose the amount you want to contribute to the Astar Crowdloan. 
  4. If you use my referral code you will get the bonuses mentioned above. Here is my referral link and my referral code 0x8e65bdb67cbc9109b516d657fa47bf8c90008bc036b30f72b64618fd173bd0fb
  5. Click 'Contribute to Astar.' 

That's it, and I hope you enjoyed this tutorial. 

Welcome to the Polkadot Ecosystem. Enjoy your ride and stay weird. 

Disclaimer

The article contains affiliate links. If you are using them, you and I will get a Bonus. 

This website includes information about cryptocurrencies and other financial instruments. All these areas are complex instruments and come with a high risk of losing money. We are NOT giving financial or investment advice; this page is for educational and informational purposes only. Please be careful and make sure that you understand how these instruments work. Also, think about whether you can afford to take the risk of losing your money.

Weirdo.Rocks encourage you to do your own research before you make any investment decision.

Resources

Polkadot.js Browser Extention

Polkadot.js Apps Wallet

Contribute to ASTAR via Parallel Finance and get extra Bonuses (Affiliate Link)

Contribute to Parallel Finance and get extra Bonuses (Affiliate Link)

Contribute to Clover via Parallel Finance and get extra Bonuses (Affiliate Link)

Contribute to Manta via Parallel Finance and get extra Bonuses (Affiliate Link)

Contribute to Efinity via Parallel Finance and get extra Bonuses (Affiliate Link)

Contribute to Litentry via Parallel Finance and get extra Bonuses (Affiliate Link)

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