How to Buy Polkadot (DOT) in Uganda

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

Step 1 – Signup to Kraken

You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. 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 Crypto Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Polkadot (DOT)

As soon as your deposit has been affirmed, you will directly have access to your assets and you can commence invest and trading. To invest in Polkadot (DOT) on Binance, you will want to hover over the “Exchange” tab and 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 graphic. Make sure you have choosen the right pairing, we've highlighted this also. Click on “DOT/BTC” to continue.

Step 4 – Purchasing Polkadot (DOT)

Once you've found (DOT) Polkadot, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order.

The “Price” field will be filled with the up-to-date rate (DOT) Polkadot was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DOT you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of DOT.

When you're happy, click on “Buy DOT”. Your order will be filled as soon as a Vender sells their DOT for the price you gave.

Step 5 – Withdraw Polkadot (DOT)

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your (DOT) Polkadot, go to the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully bought and safed Polkadot (DOT) in Uganda.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you are done.