How to Buy Polkadot (DOT) in Uruguay

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Polkadot (DOT) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been verified, you will now have access to your finances and you can start buying and trading. To buy Polkadot (DOT) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To discover (DOT) Polkadot, you will need to insert the cointype (DOT) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “DOT/BTC” to progress.

Step 4 – Purchase (DOT) Polkadot

As soon as you've spotted Polkadot (DOT), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation (DOT) Polkadot was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of DOT you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of DOT.

When you are glad, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you gave.

Step 5 – Withdraw Polkadot (DOT)

Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (DOT) Polkadot, go to the “Funds” tab and mouse click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You have successfully purchased and stored Polkadot (DOT) in Uruguay.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is stored in your wallet, you are finished.