How to Buy Polkadot (DOT) in Belize

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Polkadot (DOT) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Polkadot (DOT)

Once your deposit has been approved, you'll immediately have access to your funds and you can start purchasing and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate (DOT) Polkadot, you'll need to put the cointype (DOT) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “DOT/BTC” to advance.

Step 4 – Purchase Polkadot (DOT)

As soon as you've discovered (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the recent price Polkadot (DOT) was traded for. You can change this to your desired rate. The “Amount” field is the amount of DOT you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of DOT.

If you're satisfied, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you offered.

Step 5 – Withdraw Polkadot (DOT)

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

Locate (DOT) Polkadot by using the provided drop-down box. Drop in the volumen of Polkadot (DOT) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you are satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Congrats! You have successfully bought and stored Polkadot (DOT) in Belize.

That's it!

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