How to Buy Polkadot (DOT) in Georgia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your first Bitcoin or Ethereum.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an 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 similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you wish 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 working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Polkadot (DOT)

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

In order to spot Polkadot (DOT), you will need to put the short name of the asset (DOT) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we've highlighted this also. Click on “DOT/BTC” to go ahead.

Step 4 – Buy Polkadot (DOT)

Once you have spotted Polkadot (DOT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be automatically filled with the latest valuation (DOT) Polkadot was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of DOT you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of DOT.

If you are satisfied, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vendor trades their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, never keep your crypto on an Crypto Trader for an longer time frame. To withdraw your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. Polkadot (DOT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the given drop-down box. Enter the volumen of (DOT) Polkadot you would like 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 on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congratulations! You have successfully purchased and stored (DOT) Polkadot in Georgia.

That's it!

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