How to Buy Polkadot (DOT) in San Marino

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Polkadot (DOT) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been approved, you'll instantly have access to your assets and you can begin buying and trading. To invest in (DOT) Polkadot on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate (DOT) Polkadot, you'll need to put the short name of the asset (DOT) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have highlighted this too. Click on “DOT/BTC” to proceed.

Step 4 – Buy Polkadot (DOT)

As soon as you have discovered (DOT) Polkadot, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff (DOT) Polkadot was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of DOT you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of DOT.

If you are satisfied, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vendor sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

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

Locate Polkadot (DOT) by using the provided drop-down box. Put into the amount of (DOT) Polkadot you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congrats! You've successfully bought and stored (DOT) Polkadot in San Marino.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Polkadot (DOT) is stored inside your wallet, you are finished.