How to Buy Polkadot (DOT) in Norway

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have 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 funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Binance Signup

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been affirmed, you will directly have access to your funds and you can initiate purchasing and trading. To buy (DOT) Polkadot on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To find (DOT) Polkadot, you'll need to insert the cointype (DOT) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchase Polkadot (DOT)

After you have located (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Polkadot (DOT) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of DOT you like to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole quantity of DOT.

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

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an longer period of time. In order to withdraw your (DOT) Polkadot, go to the tab called “Funds” and mouse click on “Withdraw”. Polkadot (DOT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored (DOT) Polkadot in Norway.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored within your wallet, you are all done.
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