How to Buy Polkadot (DOT) in Chile

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your welcome 10 Dollar.

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

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been verified, you'll immediately have access to your assets and you can launch invest and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Polkadot (DOT), you'll need to put the short name of the asset (DOT) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “DOT/BTC” to advance.

Step 4 – Purchasing (DOT) Polkadot

After you have discovered Polkadot (DOT), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order.

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

If you're glad, make a mouse click on “Buy DOT”. Your plan will be filled when a Vender trades their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully bought and safed Polkadot (DOT) in Chile.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you're finished.