How to Buy Polkadot (DOT) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Polkadot and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Polkadot.
  2. Register a new account.
  3. Fund your account.
  4. Buy Polkadot.
DOT
$8.1366126003512

These steps are simple if you know where to buy Polkadot cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Polkadot (DOT) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Polkadot Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

97

Only

97

of these exchanges sell Polkadot.

We then filter down the entire set of possible marketplaces to only the ones that have active DOT markets.

38

Only

38

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
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Debit Card
,
Wire Transfer
,
Paypal
,
Apple Pay
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Google Pay
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SEPA
,
EFTCAD
,
Interac
,
SGD Transfers
,
3D Secure Card UK
,
Easy Bank Transfer UK
,
Faster Payments UK
,
Instant Card Cashouts UK
,
PayPal UK
,

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Polkadot cryptocurrency.

You can buy Polkadot on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Polkadot (DOT)

After registering and funding your account at , you should be able to buy Polkadot after your deposit finishes processing. After you receive your DOT, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Polkadot Exchanges

Polkadot is also available on these exchanges:


Frequently Asked Questions

Yes, Polkadot is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Polkadot instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) DOT. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Polkadot, you will need to deposit funds into your exchange account - which usually has no fees - and then buy DOT, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Polkadot at Zengo, Binance, Coinbase.

Polkadot Investment & Buying Guide

Diving into the dynamic realm of digital assets, you’ve likely encountered the usual suspects. But there’s a new player catching eyes: Polkadot. It’s not just another altcoin; it’s a groundbreaking multi-chain framework designed to propel blockchain interoperability into uncharted territories.

At its core, Polkadot stands as a beacon of innovation, enabling disparate blockchains to communicate and pool security. This isn’t just a cryptocurrency; it’s a visionary project aiming to weave a network of blockchains into a unified ecosystem.

As you explore Polkadot, you’ll unravel its unique features like parachains and its native token, DOT, which is central to its governance and operations. Understanding Polkadot could well be your edge in the ever-evolving tapestry of cryptocurrency.

What is Polkadot Cryptocurrency?

How Does Polkadot Compare to Other Cryptocurrencies?

Polkadot stands out with its unique multi-chain structure. Unlike Bitcoin’s single-purpose ledger or Ethereum’s one-size-fits-all approach, Polkadot offers a customizable ecosystem of interconnected blockchains.

Polkadot’s scalability eclipses that of many cryptocurrencies due to parallel processing capabilities. This approach allows multiple transactions to occur simultaneously across different chains, reducing bottlenecks.

Other blockchains often operate in silos but Polkadot enables cross-chain transfers of any type of data or asset. This interoperability presents a significant development, fostering comprehensive decentralized applications.

Security in Polkadot is shared across the entire network, diverging from cryptocurrencies that necessitate individual chains to fend for themselves. By pooling security, participating blockchains are collectively more resilient to attacks.

Polkadot facilitates a governance model where all stakeholders have a voice. Contrasting with cryptocurrencies limited to miner influence, Polkadot’s governance is more democratic, allowing token holders direct involvement in protocol decisions.

With parachains, Polkadot revolutionizes economic scalability. Different blockchains can establish their own tokens and governance, yet benefit from the Polkadot network’s shared security and interoperability.

Polkadot History & Growth

Founded in 2016 by Ethereum co-founder Dr. Gavin Wood, Polkadot emerged from a vision to enable different blockchains to interact with each other. It launched its token sale in 2017, where it raised over $140 million. Polkadot’s official network launch happened in May 2020, marking a significant milestone in its development roadmap.

Since launching, Polkadot has experienced consistent growth in the number of parachains and projects built on the network. Polkadot’s native token, DOT, has become one of the top 10 cryptocurrencies by market capitalization. This growth is fueled by its unique interoperability and scalability features that address the limitations faced by single-chain platforms.

Key to Polkadot’s expansion is its subdivision called Kusama, often referred to as Polkadot’s canary network. Kusama acts as a real-time testnet, allowing developers to experiment and deploy pre-release versions of their projects. This strategic move has enabled Polkadot to maintain robustness and innovate continuously.

Polkadot’s ecosystem currently hosts a vast array of DeFi applications, smart contracts, and cross-chain protocols. Its vibrant community continues to attract developers and investors, driving further adoption and development. With the upcoming rollout of new features and enhancements, Polkadot is poised for even more substantial growth in the blockchain sphere.

Buying Polkadot with Different Payment Methods

Buying Polkadot with a Credit Card

You’ll find using a credit card is one of the fastest ways to purchase Polkadot. Many cryptocurrency exchanges support this method, but watch out for additional fees which can be higher compared to other payment options.

Buying Polkadot with a Debit Card

Purchasing DOT with a debit card is as straightforward as online shopping. It’s widely accepted on platforms with the benefit of lower fees than credit cards, making it a budget-friendly choice.

Buying Polkadot with Apple Pay

For iOS users, buying DOT via Apple Pay offers convenience and security. Select exchanges have integrated with Apple Pay to streamline transactions, ensuring quick and protected payments.

Buying Polkadot with PayPal

PayPal is increasingly accepted by crypto exchanges for buying Polkadot due to its user-friendly interface. However, availability might be limited in some regions, so check if your exchange supports PayPal for DOT purchases.

Buying Polkadot with a Bank Transfer

Opt for a bank transfer if you’re looking at lower fees and aren’t pressed for time. This method is known for its cost efficiency, especially for larger transactions, but typically takes longer to process.

Keeping Your Polkadot Safe

Once you’ve acquired Polkadot, ensuring the safety of your DOT is paramount. You wouldn’t want your investment to fall prey to security breaches or technical mishaps.

Software Wallets

Software wallets are applications that store your private keys on your mobile device or computer. They’re designed for ease of use, allowing you to quickly access and manage your Polkadot tokens. While they offer convenient access, software wallets can be vulnerable to online attacks. Always use wallets from reputable sources and enable all available security features like two-factor authentication (2FA).

Hardware Wallets

Hardware Wallets, on the other hand, provide an extra layer of security by storing your private keys offline. These physical devices are immune to computer viruses and hacking attempts that plague internet-connected wallets. Renowned for their robust security measures, hardware wallets like Ledger and Trezor support Polkadot, making them a popular choice for long-term storage. Despite their cost, they are a wise investment for safeguarding larger amounts of DOT.

Selling & Withdrawing Polkadot

When you’re ready to sell your Polkadot, cryptocurrency exchanges are the most common avenue. Platforms like Binance, Kraken, and Coinbase allow users to trade DOT for other cryptocurrencies or fiat money. The selling process typically involves placing a sell order, where you set the amount of DOT you’d like to dispose of and the desired price.

Transaction fees vary by exchange, so it’s wise to compare costs before executing a trade. For example, while Binance may charge 0.1% per trade, Coinbase Pro’s fees range from 0.04% to 0.50% depending on your trading volume. Ensure all relevant fees are considered to avoid surprises when the final amount hits your account.

After selling DOT, the next step is withdrawing funds. You can opt to withdraw in the form of fiat currency to your bank account or as another cryptocurrency to a private wallet. Withdrawal processing times can range from instant to a few days depending on the exchange and withdrawal method.

Always verify the security measures of any platform you use for transactions. Although hardware wallets are paramount for storage, using reputable exchanges with robust security protocols is just as important for trading activities. They safeguard your funds during each step of the sell and withdrawal process.

Initiating a withdrawal will require you to follow the exchange’s specific withdrawal procedure. This usually involves confirming the transaction details and completing any required security verification steps. Keep an eye on market activity to time your trades, as the volatile nature of cryptocurrency markets can quickly affect the value of your withdrawal.

Is Polkadot a Good Investment?

Polkadot stands out in the crowded cryptocurrency market for its unique interoperability feature. Interoperability allows for different blockchains to communicate and share information, an essential capability for a connected digital economy.

It’s also important to note that Polkadot is more than just a concept; it has a working product. The platform’s ability to connect several chains in a single network creates a scalable and versatile environment for developers.

Considering DOT’s performance, the token has seen significant growth since its launch. Growth has been fueled by both technical advancements within the Polkadot network and an increase in partnerships and projects.

However, like any investment, Polkadot carries its own risks. Cryptocurrency markets are known for their volatility, and DOT is no exception. Before investing, you should carefully consider your risk tolerance and the ongoing developments in the Polkadot ecosystem.

DOT’s market capitalization is a key metric that you should use to assess its investment potential. This figure represents the total value of all DOT in circulation, which often reflects the demand and stability of the cryptocurrency.

While investing, keeping an eye on regulatory news is crucial. Regulatory changes can have an instant impact on the price and viability of all cryptocurrencies, including Polkadot.

Remember, investing in cryptocurrency like Polkadot requires due diligence and a thorough understanding of the market. It’s also wise to diversify your investment portfolio to mitigate risk.

Polkadot Price Predictions

The dynamic nature of cryptocurrency markets makes accurate price predictions challenging. Analysts use historical data, market trends, and emerging news to forecast Polkadot’s price. Polkadot (DOT) has garnered attention due to its scalability solutions and interoperability, key factors that may influence its future price trajectory.

Many enthusiasts believe that as blockchain technology matures, networks like Polkadot could see substantial growth. Experts often use technical analysis to project possible price movements for cryptocurrencies like DOT. These projections are based on patterns and indicators derived from Polkadot’s previous price actions.

Remember, price predictions should not be taken as financial advice. Always conduct your research before making investment decisions. Cryptocurrency markets are unpredictable, and investing is always a risk. Stay informed on Polkadot developments to make educated guesses about its potential future value.

The table below shows a range of predictions from various analysts for Polkadot’s price over the next few years:

Year Minimum Price Prediction Maximum Price Prediction
2023 $10.00 $30.00
2024 $12.00 $40.00
2025 $20.00 $50.00

Keep in mind these figures are speculative and subject to change as new information becomes available. Stay updated with the latest Polkadot upgrades and market sentiments as they can drastically affect price predictions.

Additional Info

You’ve delved into the complexities of Polkadot and understand the hurdles in making precise price predictions. Remember, the figures you’ve seen are educated guesses shaped by past trends and current events. Investing in Polkadot, like any cryptocurrency, carries its risks. Stay sharp and keep an eye on the latest updates to navigate the ever-evolving landscape of digital currencies. Armed with knowledge and caution, you’re better prepared to make decisions about your potential investments in Polkadot’s innovative ecosystem.

Polkadot (DOT)
Price
$8.1366126003512
24h Change
1.4
7d Change
7.9