How to Buy Polkadot (DOT) in Portugal

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

Step 1 – Join Kraken

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

Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Polkadot (DOT)

As soon as your deposit has been verified, you'll immediately have access to your funds and you can begin invest and trading. To invest in Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To spot 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 selected the correct grouping, we've marked this too. Click on “DOT/BTC” to continue.

Step 4 – Buying (DOT) Polkadot

As soon as you have discovered Polkadot (DOT), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are making our own Limit Order.

The “Price” field will be automatically filled with the up-to-date price (DOT) Polkadot was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of DOT you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

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

Locate (DOT) Polkadot by using the provided drop-down box. Drop in the quantity of (DOT) Polkadot you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Congratulations! You have successfully bought and stored Polkadot (DOT) in Portugal.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored within your wallet, you're done.
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