How to Buy Polkadot (DOT) in Russia

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate Polkadot (DOT)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can launch invest and trading. To invest in (DOT) Polkadot on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To discover Polkadot (DOT), you will need to insert the short name of the asset (DOT) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “DOT/BTC” to go on.

Step 4 – Purchase (DOT) Polkadot

Once you have spotted Polkadot (DOT), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate Polkadot (DOT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of DOT you want to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. To withdraw your Polkadot (DOT), go to the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Polkadot (DOT) by using the given drop-down box. Put into the quantity of (DOT) Polkadot you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

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

Congrats! You have successfully bought and safed Polkadot (DOT) in Russia.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe inside your wallet, you're finished.