How to Buy Polkadot (DOT) in Australia

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

Step 1 – Signup to Coinmama

You'll first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. 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 guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

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

Once your deposit has been affirmed, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase {Polkadot (DOT)|(DOT) Polkadot} on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find {Polkadot (DOT)|(DOT) Polkadot}, you'll need to insert the shortname of the coin (DOT) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “DOT/BTC” to continue.

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

Once you have located {Polkadot (DOT)|(DOT) Polkadot}, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our Limit Order.

The ”Price” field will be filled with the up-to-date price {Polkadot (DOT)|(DOT) Polkadot} was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of DOT you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of DOT.

When you're satisfied, make a mouse click on “Buy DOT”. Your order will be filled as soon as a Seller sells their DOT for the price you gave.

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

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your {Polkadot (DOT)|(DOT) Polkadot}, go to the tab called “Funds” and click on “Withdraw”. {Polkadot (DOT)|(DOT) Polkadot} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Polkadot (DOT)|(DOT) Polkadot} by using the given drop-down box. Drop in the quantity of {Polkadot (DOT)|(DOT) Polkadot} you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.

Kudos! You've successfully purchased and safed Polkadot (DOT) in Australia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Polkadot (DOT)|(DOT) Polkadot} is safe in your wallet, you're finished.

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