How to Buy Polkadot (DOT) in Ireland

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find Polkadot (DOT)

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

In order to spot (DOT) Polkadot, you will need to insert the cointype (DOT) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we have highlighted this also. Click on “DOT/BTC” to advance.

Step 4 – Buy (DOT) Polkadot

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

The “Price” field will be automatically filled with the latest rate Polkadot (DOT) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of DOT you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive period of time. In order to take off your (DOT) Polkadot, hover over the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is safe inside your wallet, you are finished.