How to Buy Polkadot (DOT) in Venezuela

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. 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 Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been verified, you'll directly have access to your assets and you can commence purchasing and trading. To buy Polkadot (DOT) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To find Polkadot (DOT), you will 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 proper grouping, we've marked this too. Click on “DOT/BTC” to progress.

Step 4 – Purchasing (DOT) Polkadot

As soon as you've found (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff (DOT) Polkadot was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of DOT you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of DOT.

When you are happy, click on “Buy DOT”. Your order will be filled when a Vender trades their DOT for the price you introduced.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. In order to withdraw your Polkadot (DOT), hover over the “Funds” tab and click on “Withdraw”. (DOT) Polkadot can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the provided drop-down box. Enter the quantity of Polkadot (DOT) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congrats! You have successfully bought and stored (DOT) Polkadot in Venezuela.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (DOT) Polkadot is safe in your wallet, you are done.