How to Buy Polkadot (DOT) in El Salvador

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto 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 example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Polkadot (DOT)

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

To discover (DOT) Polkadot, you will need to insert the cointype (DOT) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this too. Click on “DOT/BTC” to proceed.

Step 4 – Acquisition of Polkadot (DOT)

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

The field with the “Price” tag will be automatically filled with the most recent tariff (DOT) Polkadot was traded for. You can change this to your favoured price. The “Amount” field is the quantity of DOT you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of DOT.

If you're happy, click on “Buy DOT”. Your plan will be filled as soon as a Seller trades their DOT for the price you introduced.

Step 5 – Withdraw (DOT) Polkadot

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

Locate Polkadot (DOT) by using the provided drop-down box. Drop in the volumen of (DOT) Polkadot you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored (DOT) Polkadot in El Salvador.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Polkadot (DOT) is safe inside your wallet, you are done.