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If you’re looking to buy Polkadot (DOT), you’ve come to the right place. In this guide, we’ll show you how to buy DOT on several different exchanges.
Before we get started, though, let’s go over a few things you should know about DOT.
What is Polkadot?
Polkadot (DOT) is a cryptocurrency that enables cross-chain transfers of any type of data or asset. Its network is composed of parachains, which are blockchain networks that can communicate with each other through the relay chain. DOT holders can staking their tokens to validate transactions and earn rewards.
How to Buy Polkadot
Now that you know a little more about DOT, let’s go over how to buy it.
1. First, you’ll need to create an account on an exchange that supports DOT trading. We recommend Binance, as it offers a variety of payment methods and has low fees.
2. Once you’ve created your account, you’ll need to deposit some funds. Again, we recommend using Binance. You can deposit cryptocurrency or fiat currency (like USD).
3. Now that you have funds in your account, you can begin trading DOT. Simply find the DOT/BTC or DOT/USDT pair on the exchange and place an order.
4. That’s it! Once your
Open an online account
To buy DOT, you first need to open an account with a cryptocurrency exchange that offers DOT/BTC and DOT/USDT trading pairs. We recommend Binance, as it offers low fees, a variety of payment methods, and is one of the largest exchanges in the world.
Buy or download a crypto wallet
Once you have an account with a DOT-supported exchange, you need to store your DOT tokens in a digital wallet. Many exchanges offer their own wallets, but we recommend using a third-party wallet like Atomic Wallet or Trust Wallet for increased security.
Deposit funds into your account
Now that you have both an account and a wallet, you need to deposit some funds into your account. You can do this by transferring cryptocurrency from another wallet or by buying cryptocurrency with fiat currency (like USD).
Buy DOT
Once you have funds in your account, you’re ready to buy DOT! Simply find the DOT/BTC or DOT/USDT pair on the exchange and place an order.
Orders
Limit order
A limit order lets you set the price at which you’re willing to buy or sell DOT. Your order will only be executed if the market price reaches your desired price.
Market order
A market order is an order to buy or sell DOT at the current market price. Market orders are usually executed immediately, but they may be subject to slippage.
Recurring order
A recurring order is an order that automatically executes at set intervals. For example, you could place a recurring buy order for DOT every week.
Stop-limit order
A stop-limit order is an order to buy or sell DOT that becomes a limit order when the market price reaches a certain level.
Best Crypto Exchanges for Polkadot
Binance – DOT/BTC, DOT/USDT
Kraken – DOT/USD, DOT/EUR
Huobi Global – DOT/BTC, DOT/USDT
OKEx – DOT/USDT
Gemini- DOT/USD
This guide should have everything you need to get started buying DOT. If you still have questions, feel free to reach out to our team for more help.
Best Cryptocurrency Wallets for Polkadot
Once you’ve bought DOT, you’ll need a place to store it. Here are a few wallets that support DOT:
Polkadot JS – Web-based wallet for DOT
Polkawallet – Mobile wallet for DOT
Kusama Wallet – Desktop wallet for DOT
Atomic Wallet – Universal cryptocurrency wallet with built-in exchange
Exodus Wallet – Desktop wallet with built-in exchange
Polkadot JS
If you’re looking for a web-based wallet that supports DOT, look no further than Polkadot JS. This wallet is easy to use and can be accessed from any device with an internet connection.
Polkawallet
For a mobile-based DOT wallet, we recommend Polkawallet. This wallet is available for both iOS and Android devices.
Kusama Wallet
If you’re looking for a desktop wallet that supports DOT, Kusama Wallet is a great option. This wallet is available for Windows, Mac, and Linux.
Atomic Wallet
Atomic Wallet is a universal cryptocurrency wallet that supports over 300 cryptocurrencies, including DOT. This wallet is available for Windows, Mac, Linux, and Android.
Exodus Wallet
Exodus Wallet is a desktop wallet that supports DOT and other major cryptocurrencies. This wallet is available for Windows, Mac, and Linux
