How To Buy Polkadot: Easy 5 Steps Guide

How To Buy Polkadot: Easy 5 Steps Guide
How To Buy Polkadot Guide

Polkadot (DOT) is on a mission to provide a scalable and interoperable blockchain network. If you're interested in buying Polkadot, there are several ways to do so. In this article, we'll focus on how to buy Polkadot on Binance. By the end of this guide, you'll have a better understanding of how to buy Polkadot and start buying with confidence.

Where To Buy Polkadot?

Some of the most popular exchanges to buy DOT include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to purchase DOT, it's essential to consider factors such as fees, security, user interface, and supported payment methods. It's also important to note that some exchanges may only be available in some countries or regions.

Step-By-Step Guide On How To Buy Polkadot:

Follow the below steps to buy Polkadot using the Binance exchange.

Step 1: Register for a Binance account

Register using our Affiliate link to get a $600 worth of welcome bonus.

The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.

To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also use the main sign-up with an email or phone option.

After completing this step, you will receive an email confirmation from Binance.

Create an account using your personal phone number or email address on Binance. Registering as an entity if you want to buy Polkadot as a Limited company business on the Binance exchange is also an option.

To find out how Binance referrals and affiliates work, check out our guide on how to get Binance sign-up rewards.

Step 2: Verify your identity on Binance

Before you can buy DOT on Binance, you will need to verify your identity. To do this, click the "Profile" button on the top right-hand corner of the page and select "Identity Verification."

Follow the instructions provided by Binance to complete the verification process.

To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.

Step 3: Buy DOT

There are numerous ways to buy Polkadot on the Binance exchange, and it all comes down to your preference. We will explore some popular methods to buy Polkadot on Binance.

Option 1: Fund your Binance account with crypto

This method is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy Polkadot with Bitcoin as Binance supports trading BTC/DOT pair.

After verifying your identity, you can fund your Binance account with crypto. To do this, click the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy DOT.