How to Buy Polkadot (DOT) in Bulgaria

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

Step 1 – Signup to Kraken

You'll first need to buy units of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your first Ethereum or Bitcoin.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate invest and trading. To purchase Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot (DOT) Polkadot, you'll need to put the cointype (DOT) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “DOT/BTC” to continue.

Step 4 – Buying Polkadot (DOT)

As soon as you've located (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the latest tariff (DOT) Polkadot was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of DOT you like to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of DOT.

If you are happy, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vendor sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you're trading, best advise is not to keep your crypto on an Exchange for an extended time period. In order to take off your (DOT) Polkadot, go to the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the provided drop-down box. Put into the amount of Polkadot (DOT) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored in your wallet, you are done.