How to Buy Polkadot (DOT) in Taiwan

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Polkadot (DOT) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been affirmed, you will immediately have access to your finances and you can commence invest and trading. To buy Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot Polkadot (DOT), you'll need to put the shortname of the coin (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 progress.

Step 4 – Purchasing (DOT) Polkadot

Once you have found (DOT) Polkadot, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the most latest valuation Polkadot (DOT) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of DOT you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of DOT.

If you're glad, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Vender trades their DOT for the price you gave.

Step 5 – Withdraw (DOT) Polkadot

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an extended time frame. To withdraw your (DOT) Polkadot, hover over the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the given drop-down box. Enter the volumen of Polkadot (DOT) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via email/phone before a take off.

Kudos! You've successfully purchased and stored Polkadot (DOT) in Taiwan.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored in your wallet, you are all done.