How to Buy Polkadot (DOT) in Korea

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

Step 1 – Signup to Kraken

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

Kraken Signup
Step 2 – Send Your Funds to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Binance Signup

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been verified, you'll instantly have access to your funds and you can initiate purchasing and trading. To purchase Polkadot (DOT) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To find (DOT) Polkadot, you'll need to put the shortname of the coin (DOT) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “DOT/BTC” to advance.

Step 4 – Buy (DOT) Polkadot

As soon as you've found Polkadot (DOT), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the latest tariff Polkadot (DOT) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of DOT you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of DOT.

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

Step 5 – Withdraw (DOT) Polkadot

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

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

When you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored Polkadot (DOT) in Korea.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored in your wallet, you are done.
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