How to Buy Polkadot (DOT) in Sweden

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive your welcome 10 Dollar.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

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

Step 3 – Locate Polkadot (DOT)

Once your deposit has been approved, you will instantly have access to your finances and you can begin purchasing and trading. To invest in Polkadot (DOT) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot (DOT) Polkadot, you will need to put the cointype (DOT) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “DOT/BTC” to advance.

Step 4 – Acquisition of Polkadot (DOT)

As soon as you have discovered Polkadot (DOT), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our Limit Order.

The “Price” field will be filled with the up-to-date valuation (DOT) Polkadot was sold for. You can change this to your desired price. The “Amount” field is the quantity of DOT you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of DOT.

If you are happy, click on “Buy DOT”. Your order will be filled when a Seller sells their DOT for the price you introduced.

Step 5 – Withdraw Polkadot (DOT)

Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Polkadot (DOT), hover over the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Polkadot (DOT) by using the given drop-down box. Enter the volumen of Polkadot (DOT) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.

Kudos! You've successfully bought and stored Polkadot (DOT) in Sweden.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Polkadot (DOT) is safe in your wallet, you are finished.