How to Buy Polkadot (DOT) in Syria

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Polkadot (DOT)

Once your deposit has been confirmed, you'll instantly have access to your finances and you can commence buying and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate Polkadot (DOT), you will need to insert the shortname of the coin (DOT) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “DOT/BTC” to advance.

Step 4 – Buy (DOT) Polkadot

After you've found (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff Polkadot (DOT) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of DOT you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

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

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

When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.

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

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe in your wallet, you are all done.