How to Buy Polkadot (DOT) in Nicaragua

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your first 10$.

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

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

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been approved, you'll instantly have access to your finances and you can start purchasing and trading. To purchase (DOT) Polkadot on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

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

Step 4 – Buy Polkadot (DOT)

After you've located (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be filled with the recent rate (DOT) Polkadot was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DOT you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity of DOT.

When you're glad, click on “Buy DOT”. Your order will be filled as soon as a Seller sells their DOT for the price you introduced.

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an extended time period. In order to withdraw your Polkadot (DOT), go to the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully purchased and safed (DOT) Polkadot in Nicaragua.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you're done.