How to Buy Polkadot (DOT) in Georgia

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

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your first $10.

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

Your Ethereum or Bitcoin will need 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 sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been verified, you will now have access to your assets and you can begin buying and trading. To purchase Polkadot (DOT) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To spot Polkadot (DOT), you'll need to put the cointype (DOT) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “DOT/BTC” to continue.

Step 4 – Purchase (DOT) Polkadot

As soon as you have spotted (DOT) Polkadot, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order.

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

If you are glad, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

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

Find (DOT) Polkadot by using the given drop-down box. Put into the amount of (DOT) Polkadot you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

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

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

That's it!

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