Exchanging Polkadot (DOT) to Toncoin (TON)
Toncoin and Polkadot are among the most prominent altcoins on the crypto market in terms of capitalization and other indicators, such as trading volumes and the number of transactions. Users can exchange these altcoins for each other using many online venues, a list of which can be found on the BestChange website.
How do you exchange Polkadot for Toncoin using BestChange?
Step 1: Selecting a destination and exchange platform
In this case, the user needs to specify the desired direction in the exchange table - Polkadot (DOT) → Toncoin (TON). To display the list of relevant exchangers for this direction, the user must select Polkadot (DOT) for sale in the first column and Toncoin (TON) for purchase in the second column.
After that, the user will be shown the complete list of available exchange services corresponding to the chosen direction. The list of exchanges is ordered by exchange rate: by default, the most favorable offer for the user is displayed on the top line.
The table with exchange platforms contains detailed information about each one. For example, special icons next to each site's name help the user determine in what mode the exchanger works (manual or automatic), whether the service requires identity verification, whether the exchange rate is fixed during transactions, and whether the cost of commissions is taken into account in the exchange rate.
The user must choose an exchange office suitable for him and proceed to the next step to start the transaction.
Step 2: Submit an exchange request
To create an application, the user needs to go to the exchange office's website by clicking on its name. After that, a form will open, which needs to be filled out.
In the application form, it is necessary to specify the address of the cryptocurrency wallet for receiving Toncoin cryptocurrency and the email to which the exchange service will send a check after the successful completion of the transaction.
When choosing the direction of exchange Polkadot (DOT) → Toncoin (TON), exchangers will offer to specify an additional tag — MEMO. This tag is optional and is mainly used by custodial wallets that tag transactions of specific users.
Using MEMO to receive cryptocurrency is unnecessary so that this field can be skipped. However, if the user needs to mark the transaction, this parameter can be specified when filling out the exchange request form.
The completed form must be sent to the exchanger, who must accept it. As soon as the platform agrees with the transaction request, you can proceed to the next step — the exchange itself.
Step 3: Transferring and receiving cryptocurrency
After the exchange platform accepts the application from the user, the service will send the address of the cryptocurrency wallet, where the necessary amount of Polkadot will need to be transferred. After transferring the crypto asset, the user must inform the exchange about the transfer by clicking on the corresponding button in the reverse application, provided that the exchanger does not do this automatically.
When the exchanger confirms receipt of the DOT cryptocurrency, Toncoin will be sent to the user within the time specified on the exchanger's website. The TON network is one of the most productive, so transactions are usually confirmed within seconds of being sent.
In case of delays, the user can check the transaction status in the TONScan browser by its hash, which the exchanger will provide after sending TON cryptocurrency. For any questions, the user can contact the exchanger's support team or BestChange. After the transaction is completed, you can leave feedback about working with the site — this will help other people when making a decision about choosing an exchange.
