How to Buy Polkadot (DOT) in Azerbaijan

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

Step 1 – Join Coinmama

You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and to get your Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

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

Once your deposit has been approved, you will directly have access to your finances and you can begin invest and trading. To buy {Polkadot (DOT)|(DOT) Polkadot} on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to locate {Polkadot (DOT)|(DOT) Polkadot}, 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 selected the proper pairing, we have highlighted this also. Click on “DOT/BTC” to proceed.

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

Once you've discovered {Polkadot (DOT)|(DOT) Polkadot}, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff {Polkadot (DOT)|(DOT) Polkadot} was sold for. You can change this to your favoured price. The ”Amount” field is the amount of DOT you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of DOT.

If you're satisfied, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Seller trades their DOT for the price you submitted.

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

Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an extended time period. To withdraw your {Polkadot (DOT)|(DOT) Polkadot}, hover over the tab called “Funds” and click on “Withdraw”. {Polkadot (DOT)|(DOT) Polkadot} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Polkadot (DOT)|(DOT) Polkadot} by using the provided drop-down box. Enter the quantity of {Polkadot (DOT)|(DOT) Polkadot} you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congratulations! You've successfully purchased and stored Polkadot (DOT) in Azerbaijan.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Polkadot (DOT)|(DOT) Polkadot} is safe within your wallet, you are finished.

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