How to Buy Polkadot (DOT) in Rwanda

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

Step 1 – Signup to Kraken

You will first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your first Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find (DOT) Polkadot

Once your deposit has been confirmed, you will instantly have access to your funds and you can begin purchasing and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To find (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “DOT/BTC” to progress.

Step 4 – Purchase Polkadot (DOT)

Once you have located Polkadot (DOT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Polkadot (DOT) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of DOT you like to purchase. The “Total” field is the whole price in BTC that you will pay for the whole volumen of DOT.

When you are glad, click on “Buy DOT”. Your plan will be filled when a Vender sells their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. In order to take off your (DOT) Polkadot, go to the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully bought and safed (DOT) Polkadot in Rwanda.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored inside your wallet, you're finished.