How to Buy Polkadot (DOT) in Austria

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Austria

Step 1 – Signup to CEX.io

You will first need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your first Ethereum or Bitcoin.

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been approved, you will now have access to your assets and you can commence purchasing and trading. To buy Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To locate Polkadot (DOT), you will need to insert the cointype (DOT) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchasing (DOT) Polkadot

After you have found Polkadot (DOT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're making our Limit Order.

The “Price” field will be filled with the up-to-date valuation Polkadot (DOT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of DOT you like to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of DOT.

If you're happy, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Seller sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time period. To take off your Polkadot (DOT), hover over the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the provided drop-down box. Drop in the amount of Polkadot (DOT) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Kudos! You've successfully bought and stored (DOT) Polkadot in Austria.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe inside your wallet, you are finished.