How to Buy Polkadot (DOT) in Kuwait

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been affirmed, you will immediately have access to your funds and you can commence invest and trading. To buy (DOT) Polkadot on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to locate Polkadot (DOT), you'll need to put the short name of the asset (DOT) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchase (DOT) Polkadot

After you've discovered Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're creating our Limit Order.

The field with the “Price” tag will be filled with the latest valuation (DOT) Polkadot was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DOT you want to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole volumen of DOT.

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

Step 5 – Withdraw (DOT) Polkadot

Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Enter the volumen of Polkadot (DOT) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.

Kudos! You have successfully purchased and safed Polkadot (DOT) in Kuwait.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is safe inside your wallet, you are done.
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