How to Buy Polkadot (DOT) in Iraq

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

Step 1 – Join Coinbase – Get Free $10

You'll 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. Click below to register and getting your welcome 10 Dollar.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Binance Signup

Step 3 – Find Polkadot (DOT)

As soon as your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To purchase Polkadot (DOT) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (DOT) Polkadot, you will need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this also. Click on “DOT/BTC” to progress.

Step 4 – Purchase Polkadot (DOT)

Once you've discovered (DOT) Polkadot, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff Polkadot (DOT) was sold for. You can change this to your desired price. The “Amount” field is the quantity of DOT you want to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of DOT.

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

Step 5 – Withdraw Polkadot (DOT)

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. In order 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)

Locate (DOT) Polkadot by using the provided drop-down box. Put into the amount of Polkadot (DOT) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

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