How to Buy Polkadot (DOT) in Azerbaijan

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

Step 1 – Join Kraken

You will first need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been affirmed, you'll instantly have access to your finances and you can begin purchasing and trading. To invest in Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to find (DOT) Polkadot, you'll need to put the cointype (DOT) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “DOT/BTC” to go ahead.

Step 4 – Buy (DOT) Polkadot

As soon as you have discovered Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to create our Limit Order.

The “Price” field will be filled automatically with the most recent tariff Polkadot (DOT) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of DOT you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of DOT.

When you are happy, click on “Buy DOT”. Your plan will be filled as soon as a Vendor trades their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, for example 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 take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

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

Congratulations! You have successfully purchased and stored (DOT) Polkadot in Azerbaijan.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you are done.
/* */