How to buy Polkadot from Egypt

Recommended Broker 🇪🇬
👌Difficulty Low
☢️Commissions Very low
💲Minimum deposit 200$
🪙Cryptocurrencies: Polkadot and +15 more
⚖️Regulated by: Cyprus Securities and Exchange Commission (CySec), United Kingdom's Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🌐 Official website: *
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How to buy

For those who live in Egypt, the best way to buy Polkadot is, definitely, this popular broker.

eToro*, one of the main brokers around the world, is registered and licensed, among others, by the United Kingdom's Financial Conduct Authority (FCA).

We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Egypt, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.

How to sign up, step by step

The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.

Then check your email: you should have received an email from eToro, click on the button and your account will be verified.

Once on eToro, you just have to click on “Deposit funds”, in the page menu.

There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:

As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.

How to make your first purchase

As soon as eToro has confirmed the receipt of your credit, you just have to search for “Polkadot” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.

*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

What is Polkadot?

Polkadot is a platform developed by Gavin Wood (co-founder of Ethereum) whose purpose is to allow the transfer of information between different blockchains and solve the scalability problems of these, which also has its own token: the DOT.

Each blockchain, along with its ecosystem, is a totally isolated entity from the rest, so they cannot communicate with each other. Thus, although we can exchange Bitcoin for Ethereum and vice versa, we cannot transfer data from one network to the other.

Added to this are the limitations of each network which, with the progressive increase in their use, end up congested and increasingly slower. In the case of Bitcoin, the network can only process on average 3 transactions per second, which is a very low limit.

On the other hand, Ethereum has even processed 19 transactions per second which may fall short given the large number of decentralized applications operating over the Ethereum network.

These limitations make it highly unlikely that these two cryptocurrencies (and the vast majority) will become a mainstream payment method. To understand this, let's compare with traditional means of payment such as Visa.

According to its official website, Visa can process 65 thousand transactions per second in 160 different currencies, although supposedly on average it only processes a maximum of 20 thousand transactions per second. Whatever the figure, the difference is abysmal.

Add to this the ability of the Visa platform to connect to other platforms such as Paypal, in addition to any bank's own platforms. Knowing the magnitude of the problem, we can now understand more clearly the breakthrough that Polkadot represents for the crypto world.

How much is the difference between Polkadot and other cryptocurrency networks?

Polkadot's complex infrastructure seeks to solve the problems described with a multi-chain platform where different blockchains can be connected, that's right, it connects Bitcoin with Ethereum and many others.

In addition, the platform allows individual chains to exchange information with each other also making it possible to process multiple transactions in parallel which greatly increases the amount of processing.

According to tests conducted in 2020, Polkadot is capable of processing more than 1,000 transactions per second. Although this amount is still far from what Visa processes, the best thing is that this amount can be increased very easily as the number of users and transactions grows.

But like all of them, it works with its own token, the DOT, which is used to pay fees for each transaction made using the Polkadot network. Therefore, as the use of Polkadot is expected to increase, the price of its token, the DOT, is also expected to grow steadily over time.

These are the financial assets available in this broker

Besides crypto, there are more financial assets you can trade .

Exchange-Traded Funds

Exchange-Traded Funds or ETFs are similar to index funds. They can be described as a merge between stocks and mutual funds, including the best features of both. They can be traded like regular stocks, but include a wide diversity of assets and their commissions are much lower than those of an actively managed fund.

Commodities (raw materials)

The major attraction of investing in commodities is that their price varies less than that of other assets. In fact, their intrinsic security is what makes people often invest in raw materials, to take refuge from possible inflation or market volatility. Despite that, the prices of commodities are defined by their demand. Therefore, if a given economic situation causes higher demand, the prices will also rise.

Note that the only intended profit from the investment in raw materials will come from their further sale because these kinds of assets don't give returns or pay interest.

There are two basic types of commodities: hard raw materials and soft raw materials. The former include precious metals (such as gold, silver, copper, and platinum), industrial metals, and oil; while the latter are agricultural goods, like wheat, soybeans, vegetables, or even dairy.

Currency market

What is known as Forex trading consists in the exchange of currencies. It's the conversion of one currency to another, and the aim is, evidently, to obtain a benefit out of this.

If you decide to trade EUR and USD, you acquire euros and pay with dollars, with the expectation that the euro will increase compared to the dollar. Then, if you bought each euro for 1.15 USD and you sell them back when their price is 1.20 USD, you'll be earning that margin.

You may be thinking by now that trading with currencies requires high investments, and that is correct, since fluctuation in prices is never that dramatic, and often you will need to use high leverage (which is an important risk). Our advice for those who are new in the world of trading is not to start with Forex, but with a safer and more secure market.

You can trade with the most common currency pairs on eToro. However, consider that in Forex trading sales are always made through contract for differences, so the underlying asset won't be yours.


Stocks are the most common financial assets. Some corporations decide to split into fractions: you can be one of those shareowners, but first, you have to know where and how to make your investment.

Basically, there are two kinds of shares: the ones that divide their earnings regularly among the stockholders, and those that don't payout. The former ones are great, obviously, but investing in the latter can also be a good idea since the profit you can make by selling the shares can be even larger.

If you invest in equities that payout, you will receive the funds into your eToro account, and you can withdraw them or invest back. However, you can take advantage of compound interest, so we would suggest reinvesting in the company if you don't need the money immediately.

If you trade with stocks on eToro, you can use leverage to “dope” your trades. However, we don't recommend that, since it would be a CFD and you would not receive dividends. Besides, shares are regularly long-term investments, and you have to pay commissions.

About Contracts for Difference

If you browsed eToro before, you must have seen how the acronym CFD appears all the time. Before we explain this further, we must say that cryptocurrency trading on eToro is only CFD when you go short.

In case you are thinking about day trading cryptocurrency and other advanced operations, next we will also explain concepts such as going short and leverage.

eToro allows you not only to bet “in the black”, but with CFDs you can also bet “in negative”. For instance, you have the conviction that the Polkadot will go down, so you clearly think “if it is going to depreciate, I'll simply wait until it does and then I'll bet”. But if it actually falls, you can earn some money out of that.

You can accomplish that by “going short”. More or less, it works like this:

  • You ask someone to lend you, for instance, 100 units of Polkadot, which cost $ 5,000 at the moment (these numbers are made imaginary)
  • You make $ 5,000 by selling the 100 units
  • The Polkadot goes from $ 50 to $ 30 (as you thought, it devaluates)
  • Again, you purchase the 100 units, but now their value is $ 3,000
  • Now you pay back the 100 units to whoever loaned them to you
  • The rest is yours, so, you will have made $ 2000

Keep in mind that it is much easier than it sounds: we can just say that by trading in Polkadot you can also earn money if you anticipate it will fall.

What's the difference between CFDs and futures?

In case you want to know, these are the major differences between CFDs and Futures:

  • Who is the counterparty? With Futures, the counterparty is another trader. In CDFs, it’s the broker (eToro)
  • Date of expiration Futures have a determined expirationdate, while CFDs don’t have expiration date
  • Markets available for trading: The market for Futures is narrower. CFDs include a wide range of possibilities.
  • Minimum deposit amount or “trade size”: Being higher figures, Futures require, proportionally, lower fees. Costs for CFDs are a bit higher, although not excessively.
  • Use of leverage: with Futures, it isn’t possible; while with CFDs it is.

How to deposit funds on eToro

When it comes to depositing money on eToro, there isn't really much to say, since it is pretty simple. You just have to click “Deposit funds”, put an amount, and choose your payment method. You can use PayPal (available for some countries), bank transfer, credit card (Visa, MasterCard, Diners, Visa Electron and Maestro), Skrill, or Neteller.

Consider that for security reasons, you need to be the holder of the credit card or the account.

You can start with a $ 200 deposit, and if you are not verified you will have a maximum amount allowed. So, if your intention is to deposit higher amounts, you should contact Support to verify your account.

You can pay in any currency and eToro will do the conversion to USD. However, we suggest depositing directly in USD since the platform charges a commission.

eToro Interface

As we have mentioned previously, one of the best features of eToro is its extraordinary simplicity: anyone can trade without having to read endless explanatory texts.

If you are familiar with any of the most common social networks, you can perfectly use this platform.

Let's talk about how to register and the different sections of eToro that you should know.

You will have to fill in some information requested when registering.

They will also ask you about your previous trade experience.

But don't feel like you are taking an exam. They only intend to find out how much you know and which financial instruments to recommend for you.

When you fill in all your information in your profile, the annoying “incomplete profile” bar will disappear.

Let's get to know the different sections of the site.

In the “Set Price Alerts” tab you can put alerts on the price of certain securities. This is very useful when you are after a security which price is decreasing, but perhaps you think that it has not finished falling yet.

The section “News Feed” allows users to interact and share their experiences and knowledge.

“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. As we discussed previously, the six types of instruments on eToro are:

  • cryptocurrencies
  • ETFs
  • Shares
  • Raw materials
  • Forex
  • Index funds

In “People”, you can find the public profiles of eToro users and their historical performance. This is where the term “social trading” makes sense since you can copy the strategies of the investors that inspire you the most.

You can search for those investors that you find more interesting: by average profits, market or risk level, for instance. Just indicate the amount of your investment and eToro itself will be in charge of replicating the movements made by the investor you chose, in proportion. “In proportion” means that if you put $ 1000 and the investor puts 10% of their capital in Amazon, eToro will also invest $ 100 of your money in that asset.

Finally, you will see in this section the popular CopyPortfolios. There are three types: Top Trader, Market, and Partner.

Sometimes it might be preferable to copy from CopyPortfolios than to other investors, because you avoid putting all your eggs in one basket. There are all kinds of portfolios that you can find easily and are classified by sectors. Thus, in case you think a specific sector, such as e-commerce or oil, will have good incomes in the future, you can find that specific portfolio and do your investment.

“Social trading”, an innovative concept

eToro was the first platform that proposed social trading, and this new concept turned out to be brilliant. Many other brokers copied this idea, but eToro is still the best.

But it wasn't just about creating yet another social network to talk about investment. The real achievement was in the possibility for users to copy the strategies of experienced traders, who were in turn paid for their ideas.

In the left menu of the site, you will see “Copy People” and “Invest in CopyPortfolios”.


“CopyPortfolios” contain a collection of financial assets of a certain sector. For example, if you consider that a particular sector will succeed in the near future but you don't know which stocks to invest in, you just have to select a portfolio that groups together a variety of related companies in that industry.

At the date of writing this text, this CopyPortfolio has generated a 100% profit in the last twelve months, and the only thing you have to do is to click on “Invest”, select the amount, place the stop-loss, and the rest will be done practically on its own.

Copy People

The other option is to directly copy traders of the platform: in “Copy People” you can find eToro users who are very successful investing and whose strategies you can duplicate.

You will find in the profile of each user: the type of financial instruments they trade, their risk profile (a higher risk implies more chances of earning more or losing more), as well as their trading history.

Besides duplicating other investor's moves, which is great and very helpful, we also suggest that you benefit from the community by reading other user's comments. You can learn a lot from their experiences and knowledge, mainly if you aim to make a living from investments.

How does leverage work

Do you know what leverage is? We'll put it simply: the good thing about trading is that it lets you invest more money than you can have in a given time. Let's say that you enter with $ 100 and you choose to leverage x2, you will be actually investing $ 200.

Why using leverage and how to do it

Let's pretend that you have complete certainty that Polkadot will rise, and you consider “going long, but you only have $ 1,000 available. However, it is possible to put more money and earn higher profits.

Possibly, you could ask your bank for a credit, wait for it to be accepted, wait for the money, send the money to eToro, confirm that it arrived, and then purchase Polkadot… Nevertheless, when you finish doing all that, probably Polkadot would be already much higher, and it wouldn't be a good idea to invest.

Leverage is just like a credit, and you will only have to click a few times to get it! eToro allows you to operate with much higher amounts than what you actually have on the platform. As in the image below, you will see the different options you have:


With other assets, the ability to leverage is greater. This is because cryptocurrencies are a value that is invested in the medium-long term, and leverage is used primarily for day trading or short-term operations. Let's talk a bit more about how leverage works:

  • If you want to invest $ 1,000 and you use leverage x2, you will be starting with $ 2,000 (remember that$ 1,000 was “borrowed” from eToro). 
  • Then, turns out that Polkadot does increases, as you assumed, and now the cost of your investment is $ 2,400 (20% higher), so you decide to sell back because you want to play it safe. 
  • The $ 1k of leverage will be deducted, and you will have $ 1,400 left; which means the net profit is $ 400, since the other $1,000 was yours initially.

In conclusion, by investing $ 1000 and obtaining $ 400, your net profit would be 40%. That is pretty decent.

The thing is, you can also lose. If everything goes as planned, you will earn more money in less time; however, if the value of the asset decreases, you will also lose more in less time.

Supposing that the price didn't increase by 20%, but it went down also by 20%, you won't lose $ 20 but $ 40, because of the leverage. Because of that, the terms “Take Profit” and “Stop Loss” are crucial when using leverage.

Take Profit is a limit you can set when trading: you set the platform to sell your assets once they get to a point above the entry price. For instance, you can buy Polkadot at $ 100 and ask eToro to close your position automatically when it goes up to $ 120. It is very useful to avoid being blinded by enthusiasm: a 20% profit is usually pretty good, but once you see the price has risen, you might consider you can make higher profits, which is not always the case. As a result, you might lose money if you don't close on time. So, Take Profit helps you to trade more safely.

On the other hand, when operating with leverage you also have to use Stop Loss, because a small decrease in the price of an asset can lead to a substantial loss. Consider that eToro will recommend a limit for Stop Loss, but it is better to set it lower than the platform suggests.

Virtual portfolio: How does it work?

If you do not have much experience as an investor, the option to operate in “demo” mode may be helpful. Setting a virtual account and operating with fictional funds is very simple.

A virtual portfolio can help you to practice and gain experience before starting to trade with real funds. When you create your demo account, you will begin with a virtual amount of $ 100.000, to trade with a variety of financial instruments available on eToro, besides Polkadot.

If your performance is not that good and you lose your funds, there is always a possibility to replenish your virtual balance. The second time will probably be better.

But remember that trading is mostly about being cold-minded, and using a demo account can have an adverse effect. It is completely different to risk your real savings than to trade with a fake balance which loss does not suppose any drama.

Finally, the demo mode is kind of absurd if you intend to trade in the medium or long-term, since you would be wasting years. Demo accounts may be helpful for trying out before investing in the short or medium-term.

Frequently asked questions

How much is the minimum deposit?
You can invest as low as 200$.

When will I be able to take out my funds?
At any time. You just have to close your Polkadot trade, go to “Withdraw Funds” section and you will receive the money very soon.

What deposit methods are accepted?
You can use: Credit Card, Bank Transfer, PayPal, Rapid Transfer, Neteller, Skrill and Klarna / Sofort Banking.

* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.