![](https://xlera8.com/wp-content/uploads/2022/01/polkadot-parachain-auctions-on-kraken-and-binance-explained.png)
The process to join a Polkadot parachain auction on Kraken is very straight forward. This is one of the main reason to join a Polkadot parachain auction via a centralized exchange, like Kraken or Binance.
Here, we have created a step-by-step guide.
- Sign up for a Kraken account
- Deposit or buy Kusama (KSM) or Polkadot (DOT)
- Navigate to Earn > Parachains (See screenshot below)
- Select the project you would like to support
- Enter amount of Kusama KSM or Polkadot DOT to contribute
- Select contribute and confirm (see the second screenshot)