how to buy Polkadot coin

How to Buy Polkadot Right Now

In this article, we will show you how to buy Polkadot easily. By the end of this article you would learn how to buy DOT with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Polkadot? Our review
  2. Current prices
  3. Where to buy DOT
  4. How to safely store DOT
  5. Frequently asked questions

Current Polkadot Price Stats

DOT Price $17.4675 USD
Price Change24h $-1.8619 USD (-9.63%)
24h Low / 24h High $16.5600 / $21.0420 USD
Trading Volume24h $36,584,088 USD
MarketCap $18,944,423,936 USD

What is Polkadot? A Review

Polkadot development is on track to deliver a robust platform for security, scalability, and innovation. Currently, Polkadot is in the NPoS phase of launch. Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives users the ability to interoperate with a wide variety of blockchains in the Polkadot network.The DOT token serves three distinct purposes: governance over the network, staking, and bonding."This page refers to the new DOT which is 100x smaller than the old DOT (the DOT token underwent a redenomination from its original sale on 21 August 2020 at 16:40 UTC, block number 1,248,328)"

how to buy Polkadot

Where and How to Buy Polkadot (DOT) Coin

There are 3 steps to purchasing Polkadot. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase DOT directly with USD. They are: Kraken, Cexio, Bitfinex, BitTrex, OKCoin, .
  2. Move the Bitcoin to an Exchange that supports DOT: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the DOT/BTC trading pairs.
    At the moment, DOT is currently available for purchase with Bitcoin at Kraken, BitTrex, OKEX, HitBTC, Kraken, Liquid, Bitfinex, Binance, BitTrex, HuobiPro, Poloniex, OKEX, Upbit, BTCTurk, HitBTC, huobikorea, Gateio, Kucoin, CoinEx, bkex, .
  3. Buy Polkadot on the Exchange: Now, you can buy Polkadot with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different DOT pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken DOT/USD $35,966,170 USD AA
Cexio DOT/USD $159,008 USD A
Bitfinex DOT/USD $12,691,845 USD A
BitTrex DOT/USD $3,847,924 USD A
OKCoin DOT/USD $178,219 USD A

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken DOT/BTC 110.9732 BTC AA
Liquid DOT/BTC 0.9428 BTC A
Bitfinex DOT/BTC 34.1641 BTC A
Binance DOT/BTC 1548.3392 BTC A
BitTrex DOT/BTC 10.0951 BTC A
HuobiPro DOT/BTC 208.1802 BTC A
Poloniex DOT/BTC 9.3253 BTC A
Upbit DOT/BTC 2.1214 BTC BB
huobikorea DOT/BTC 91.5004 BTC B
Gateio DOT/BTC 4.9126 BTC B
Kucoin DOT/BTC 17.6617 BTC B
CoinEx DOT/BTC 2.1116 BTC C
bkex DOT/BTC 212.6257 BTC D

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken DOT/ETH 2191.8779 ETH AA
BitTrex DOT/ETH 152.6917 ETH A

How to Safely Store Polkadot Crypto

Once you buy Polkadot, the next question you'd have is "where do I store my Polkadots?". It is quiet easy to store your Polkadot tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Polkadot. If Polkadot is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Polkadot for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy DOT with Dollars (USD)? You can buy Polkadot (DOT) with U.S Dollars on Kraken, Cexio, Bitfinex, BitTrex, OKCoin, .
Where can I purchase DOT with my Bitcoin (BTC)? As of today, you can buy Polkadot with Bitcoin on any of the following exchanges: Kraken, Liquid, Bitfinex, Binance, BitTrex, HuobiPro, Poloniex, OKEX, Upbit, BTCTurk, HitBTC, huobikorea, Gateio, Kucoin, CoinEx, bkex, .
I have Ethereum. Where can I buy DOT with ETH? Polkadot is available for purchase using ETH on these Crypto exchanges: Kraken, BitTrex, OKEX, HitBTC, .
How much is Polkadot? Right now, the price of DOT is $17.4675.
Is Polkadot Crypto a good Investment in 2021? Our analysis shows a possible all time high of $44.0918. So yes. DOT is a good investment.

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