How to Buy Polkadot (DOT) in Armenia

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

Step 1 – Signup to Coinmama

You'll first need to purchase units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find {Polkadot (DOT)|(DOT) Polkadot}

Once your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To buy {Polkadot (DOT)|(DOT) Polkadot} on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

To find {Polkadot (DOT)|(DOT) Polkadot}, you'll need to put the short name of the asset (DOT) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked this also. Click on “DOT/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Polkadot (DOT)
Step 4 – Acquisition of {Polkadot (DOT)|(DOT) Polkadot}

As soon as you've discovered {Polkadot (DOT)|(DOT) Polkadot}, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff {Polkadot (DOT)|(DOT) Polkadot} was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of DOT you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of DOT.

When you're happy, click on “Buy DOT”. Your plan will be filled as soon as a Seller sells their DOT for the price you submitted.

Step 5 – Withdraw {Polkadot (DOT)|(DOT) Polkadot}

Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an longer time frame. In order to take off your {Polkadot (DOT)|(DOT) Polkadot}, hover over the ”Funds” tab and click on “Withdraw”. {Polkadot (DOT)|(DOT) Polkadot} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Polkadot (DOT)|(DOT) Polkadot} by using the provided drop-down box. Enter the quantity of {Polkadot (DOT)|(DOT) Polkadot} you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully bought and safed Polkadot (DOT) in Armenia.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the {Polkadot (DOT)|(DOT) Polkadot} is safe inside your wallet, you're all done.

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