How to Buy Polkadot (DOT) in Colombia

Step 1 – Join Kraken

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

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been approved, you'll instantly have access to your assets and you can initiate buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked this also. Click on “DOT/BTC” to progress.

Step 4 – Buy (DOT) Polkadot

As soon as you have found (DOT) Polkadot, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff Polkadot (DOT) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of DOT you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you're trading, best advise is not to keep coins on an Exchange for an extended time frame. To withdraw your Polkadot (DOT), hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the provided drop-down box. Put into the volumen of (DOT) Polkadot you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

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