How to Buy Polkadot (DOT) in Uzbekistan

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

Step 1 – Join Kraken

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

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange 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 Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you want to deposit.

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

Step 3 – Locate (DOT) Polkadot

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

To find Polkadot (DOT), you'll need to insert the shortname of the coin (DOT) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we have marked this also. Click on “DOT/BTC” to go on.

Step 4 – Purchasing (DOT) Polkadot

As soon as 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 picture). And now we're making our Limit Order.

The field with the “Price” tag will be filled with the recent valuation Polkadot (DOT) was traded for. This can be changed to your desired price. The “Amount” field is the quantity of DOT you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of DOT.

If you're satisfied, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Vendor trades their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. To take off your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Polkadot (DOT) by using the provided drop-down box. Drop in the quantity of (DOT) Polkadot you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

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

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

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Polkadot (DOT) is stored inside your wallet, you're all done.