The Polkadot (DOT) is a next-gen crypto blockchain project that wants to establish its multi-chain framework over the crypto market in the next few years. It wants to solve various issues that blockchains have, like speed, scalability, and security. Learn how to buy Polkadot in just four simple steps!
How to buy Polkadot in four simple steps?
Step 1 – Pick A Crypto Exchange
Step 2 – Choose the Amount of Investment
Step 3 – Choose the Mode of Payment
Step 4 – Place Your Buy Order
Step 1 - Pick A Crypto Exchange
The first thing you need to buy Polka is a crypto platform. It is an online platform that facilitates the buying, selling, and trading of various cryptocurrencies. One of the most important considerations before choosing a crypto exchange should be the trading fee. Choose an exchange that allows hassle-free transactions at a high speed.
Some crypto exchanges take a lot of time to verify a user’s profile. You should choose a crypto exchange that takes the least possible time for KYC, or completing the user identification process.
Step 2 - Choose the Amount of Investment
Decide on the amount of money that you can invest in buying the necessary units of Polkadot. Before that, you have to sign up on the exchange platform, and then only you can complete the transactions. The number of Polkadot coins you buy depends upon your personal preference, risk-bearing capacity, and overall pay structure.
Step 3 - Choose the Mode of Payment
Once you have determined the amount, you need to select a mode of payment to complete the transaction. You can use internet banking, PayPal, and debit cards to buy the necessary units of Polkadot.
Step 4 - Place Your Buy Order
You have to ensure that the necessary amount of money has already been added to the crypto exchange. In the next step, you can press the buy button to complete the transaction. After some time, the necessary units of Polkadot will be credited to your wallet.
Popular video guides on buying Polkadot (DOT)
Where to buy Polkadot(DOT)?
Coinbase is a popular US-based crypto exchange where registered members can easily use the platform to buy, sell, or trade in Polkadot. It charges very low trading fees for crypto-related transactions as compared to other platforms.
|Header 1||Header 1|
|Operational Since||June 2012|
|Deposit Methods||Instant Cash, Debit Cards, Wire Transfers, Bank Accounts, Paypal, Apple Pay, Google Pay|
|Deposit Fees||0.05% to 0.60%|
|Fiat Currencies Supported||EUR, USD, GBP|
WazirX is one of India’s most famous leading crypto exchanges, which facilitates hundreds of transactions per hour. You can easily buy and trade Polkadot (DOT) using various payment methods on WazirX. It charges a trading fee of just 0.2% as compared to other platforms.
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|Operational Since||March, 2018|
|Deposit Methods||IMPS, Neft, RTGS, UPI|
|Fiat Currencies Supported||USDT|
You can also buy Polkadot coins from eToro. It is a safe and secure platform for you to invest in Polkadots. If you are trading from the US, you might need to invest less to buy the same units of Polkadot.
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|Deposit Methods||eToro Money, Credit/Debit Cards, PAYPAL, NETELLER, RAPID TRANSFER, SKRILL|
|Fiat Currencies Supported||Australian Dollar, Swiss Franc, Canadian Dollar, Czech Koruna, Danish Krone, Pound Sterling, etc.(17+)|
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Frequently Asked Questions
What will you need to buy Polkadot?
If you wish to buy Polkadot, you need an active account on any of the designated crypto exchanges. Secondly, you have to deposit the required amount in exchange for buying the required units of Polkadot (DOT).
What is the easiest way to buy Polkadot (DOT)?
The most simple way to buy Polkadot (DOT) is by using PayPal or a debit/ credit card. Once the transaction is processed, you will get the necessary amount of Polkadot deposited on your account at your crypto exchange.
Best wallets to store your Polkadot (DOT)
Some of the best wallets to store your Polkadot (DOT) coins are Guarda, TokenPocketWallet and Ledger Nano X.