How to Buy Polkadot (DOT) in Denmark

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been approved, you'll now have access to your funds and you can commence purchasing and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate Polkadot (DOT), you'll need to put the shortname of the coin (DOT) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “DOT/BTC” to continue.

Step 4 – Acquisition of Polkadot (DOT)

Once you have spotted (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 image). For now we're making our own Limit Order.

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

If you are happy, click on “Buy DOT”. Your plan will be filled when a Seller trades their DOT for the price you gave.

Step 5 – Withdraw (DOT) Polkadot

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

Locate (DOT) Polkadot by using the given drop-down box. Drop in the amount of (DOT) Polkadot you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congrats! You've successfully bought and stored (DOT) Polkadot in Denmark.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is stored within your wallet, you're done.