How to Buy Polkadot (DOT) in Sri Lanka

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

Step 1 – Join CoinbaseGet Free $10

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first 10 Dollar.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

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

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find (DOT) Polkadot

As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence purchasing and trading. To buy (DOT) Polkadot on Binance, you'll want to go to the tab which is calledExchangeand mouse click onBasic”.

To find Polkadot (DOT), you will need to put the short name of the asset (DOT) into the search-box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click onDOT/BTCto proceed.

Step 4 – Purchasing Polkadot (DOT)

Once you have located (DOT) Polkadot, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our Limit Order.

The field with thePricetag will be filled automatically with the latest price Polkadot (DOT) was traded for. You can change this to your desired rate. TheAmountfield is the quantity of DOT you wish to purchase. The field with theTotaltag is the whole price in Bitcoin that you'll settle for the complete volumen of DOT.

When you are satisfied, make a mouse click onBuy DOT”. Your order will be filled when a Seller sells their DOT for the price you gave.

Step 5 – Withdraw Polkadot (DOT)

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an extended time frame. To take off your Polkadot (DOT), go to the tab calledFundsand mouse click onWithdraw”. (DOT) Polkadot can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Polkadot (DOT) by using the provided drop-down box. Drop in the volumen of Polkadot (DOT) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, make a mouse click onSubmit”. You may be requested for phone/email verification ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is stored inside your wallet, you're finished.