How to Buy Polkadot (DOT) in Burma

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been verified, you will now have access to your funds and you can begin buying and trading. To purchase Polkadot (DOT) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to spot Polkadot (DOT), you'll need to insert the cointype (DOT) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchasing (DOT) Polkadot

After you have discovered Polkadot (DOT), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The “Price” field will be automatically filled with the recent tariff (DOT) Polkadot was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of DOT you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

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

Find (DOT) Polkadot by using the given drop-down box. Put into the volumen of (DOT) Polkadot you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Kudos! You have successfully bought and safed (DOT) Polkadot in Burma.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored in your wallet, you are done.