How to Buy Polkadot (DOT) in Algeria

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

Step 1 – Join CoinbaseGet Free $10

You will first need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your welcome $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Polkadot (DOT) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate (DOT) Polkadot

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can commence purchasing and trading. To invest in (DOT) Polkadot on Binance, you'll want to hover over the tab which is calledExchangeand after that click onBasic”.

In order to locate (DOT) Polkadot, you will need to put the cointype (DOT) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have marked this also. Click onDOT/BTCto go on.

Step 4 – Buy Polkadot (DOT)

After you have found Polkadot (DOT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The field with thePricetag will be filled automatically with the up-to-date rate Polkadot (DOT) was sold for. You can change this to your favoured rate. The field with theAmounttag is the amount of DOT you want to buy. TheTotalfield is the whole price in Bitcoin that you'll settle for the complete volumen of DOT.

If you are happy, make a mouse click onBuy DOT”. Your order will be filled as soon as a Vender sells their DOT for the price you submitted.

Step 5 – Withdraw (DOT) Polkadot

Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To take off your (DOT) Polkadot, hover over the tab calledFundsand click onWithdraw”. Polkadot (DOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the given drop-down box. Put into the volumen of Polkadot (DOT) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, clickSubmit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and stored (DOT) Polkadot in Algeria.

That's it!

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