How to Buy Polkadot (DOT) in Ukraine

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

Step 1 – Join Kraken

You'll first need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Funds to an Crypto Exchange

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

Make sure you've chosen the right coin you would like to deposit.

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

Step 3 – Find (DOT) Polkadot

Once your deposit has been confirmed, you'll now have access to your assets and you can initiate buying and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

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

Step 4 – Buying (DOT) Polkadot

As soon as you've discovered (DOT) Polkadot, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our Limit Order.

The “Price” field will be automatically filled with the most 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 wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of DOT.

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

Step 5 – Withdraw (DOT) Polkadot

Unless you are frequently trading, never keep your crypto on an Exchange for an longer period of time. To withdraw your (DOT) Polkadot, go to the tab called “Funds” and mouse click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DOT) Polkadot by using the given drop-down box. Put into the volumen of (DOT) Polkadot you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You may be asked for email/phone verification before a withdrawal.

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

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is safe within your wallet, you are finished.