How to Buy Polkadot (DOT) in Bahrain

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been verified, you will instantly have access to your finances and you can launch buying and trading. To purchase (DOT) Polkadot on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To spot Polkadot (DOT), you'll need to insert the cointype (DOT) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this too. Click on “DOT/BTC” to go ahead.

Step 4 – Buy (DOT) Polkadot

After you have spotted (DOT) Polkadot, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation (DOT) Polkadot was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of DOT you like to purchase. The “Total” field is the whole price in BTC that you will settle for the complete quantity of DOT.

When you are satisfied, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Vender sells their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you're trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your (DOT) Polkadot, hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Enter the quantity of (DOT) Polkadot you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, click “Submit”. You could be asked for verfication via email/phone before a take off.

Congratulations! You've successfully bought and stored (DOT) Polkadot in Bahrain.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored inside your wallet, you are finished.