How to Buy Polkadot (DOT)

Learn all about Buy Polkadot

Polkadot (DOT) is the polkadot-ecosystem related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 14 based on market capitalization on CoinMarketCap, with a market capitalization of 9656105930 recorded at the time of writing. DOT has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Polkadot. They wish to invest or purchase Polkadot (DOT), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Polkadot. Regardless of your location, Bitrue can provide you with a simple and secure way to buy DOT.

Where and how to buy Polkadot

When it comes to purchasing Polkadot (DOT), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Polkadot in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased DOT will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Polkadot (DOT) through Bitrue.

Steps to Buy Polkadot (DOT)

Step 1 Create a Bitrue Account

- Register through the official website, Bitrue.com.
- Download the Bitrue App and complete the registration process.
After successfully registering your Bitrue account, follow the security prompts on the website or app to enable Google 2FA for account dynamic verification.

Step 2 Complete KYC Verification

Visit the identity verification page on the Bitrue official website or app, select your country or region, upload valid identification documents, and submit a selfie. Once the identity verification is successful, you will receive a notification.

Step 3 Choose the method to Buy Polkadot (DOT)

Buy Polkadot Over-the-Counter (OTC)
- 1. Click on "Quick Buy" on the Bitrue official website or app. Choose "Credit Card" or "Bank Transfer" as the payment method.
- 2. Note: Purchasing Polkadot (DOT) using "Credit Card" or "Bank Transfer" on Bitrue requires user identity verification. Please provide identity verification documents as per our platform's instructions.
- 3. Select Polkadot (DOT) from the list of cryptocurrencies.
- 4. Enter the quantity of DOT you wish to purchase.
- 5. Connect your credit card or bank account.
- 6. Confirm and complete the payment process.
- 7. Transaction completed.
Buy Polkadot through Spot Markets
- Note: Currently, the most popular Polkadot spot trading pairs include DOT/USDT and DOT/USDC. Before purchasing Polkadot (DOT) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
- 1. Click on "Trade" -> "Spot" on the Bitrue official website or app.
- 2. Select Polkadot (DOT) from the list of cryptocurrencies.
- 3. Enter the quantity of DOT you want to purchase, either at the market price or set a target price for buying Polkadot.
- 4. Confirm the purchase order.
- 5. Transaction completed.
- If Bitrue exchange currently does not support the above methods for purchasing Polkadot (DOT), users can only deposit DOT assets into their Bitrue accounts through a cryptocurrency wallet or choose a decentralized exchange (DEX) that supports DOT trading pairs for purchasing.

Step 4 Successful Purchase

The purchased Polkadot assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Polkadot cryptocurrency wallet.
Note: If you have not received your Polkadot (DOT), visit the help center or contact online customer support for assistance.

Alternative methods to acquire Polkadot

Apart from directly buying Polkadot (DOT), what are the alternative methods to acquire Polkadot ?

Fixed Auto-Investment in DOT

Regularly invest a fixed amount at scheduled intervals in Polkadot (DOT) digital assets, enjoying both short-term returns and long-term benefits.

Staking DOT

Flexible staking of Polkadot (DOT) digital assets to earn interest or high returns in other cryptocurrencies.

Get Polkadot (DOT) for free

If you have enough time, you can obtain Polkadot for free through the following methods:

- Invite friends to join the Bitrue coupon event and earn free Polkadot (DOT).

- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Polkadot.

- All cryptocurrency airdrops and rewards can be exchanged for DOT through coin-to-coin exchange or spot trading.

How to keep your Polkadot safe and secure

Once you have purchased Polkadot, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Polkadot and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.

If you are highly familiar with operating on-chain Polkadot wallets, you also have the option to store Polkadot (DOT) separately in a personal encrypted wallet. This wallet serves to keep your Polkadot secure and accessible, allowing you to send and receive it while maintaining control.

To ensure the security of your Polkadot, consider the following types of encrypted wallets:

- Mobile Wallets: Store your private key in an application on your smartphone.

- Web Wallets: Third-party-controlled online servers that store your private key.

- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.

- Hardware Wallets: Physical devices for offline storage of private keys.

Note: Cryptocurrency wallets do not technically store your Polkadot encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.

Why Bitrue is the Best Platform for Buying Polkadot (DOT)

User-friendly Interface

Trading cryptocurrencies on Bitrue is a breeze, requiring just a few simple steps to instantly purchase Polkadot.

Swift Deposits and Withdrawals

Our efficient real-time trading system ensures your Polkadot assets are instantly depositable and withdrawable.

Security and Stability

With dual-factor authentication, multi-signature support, and cold-hot wallet segregation technology, we ensure the systematic security of Polkadot.

Get DOT with Bitrue

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Some market stats about DOT

Price Analysis

DOTPolkadot Price Now:

$6.71-2%24H

Polkadot is falling this week.

The price of Polkadot has dropped by -3.65% in the last 7 days. It has seen a -2.04% decrease in the past 24 hours and a -0.02% decrease in just the last hour. The current price is $6.71 per DOT. Polkadot is dropped -87.37% from its all-time high of $53.2.

Buy Polkadot Now

Sandbox Testing

Calculate the Returns on Your Polkadot Investment

How much profit would I have if I bought $ worth of Polkadot in

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Returns based on the average Polkadot price for that year. Not financial advice.

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There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.

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FAQ About Buy Crypto

What is Polkadot?

Polkadot (DOT) is a cryptocurrency . Polkadot has a current supply of 1,103,303,471.382273 with 987,579,314.957085 in circulation. The last known price of Polkadot is 53.06334277 USD and is up 5.07 over the last 24 hours. It is currently trading on 242 active market(s) with $3,179,038,535.31 traded over the last 24 hours. More information can be found at https://polkadot.network/.

How many Polkadot are there in total?

The total supply of Polkadot is 1,437,953,431.368154 and the Circulating Supply is 1,437,953,431.368154 .

Why are people buying Polkadot?

People buy Polkadot for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Polkadot serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Polkadot include investment, risk diversification, and trust in new digital assets.

Where is the preferred place to buy Polkadot?

Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase DOT.

Should I buy Polkadot?

Deciding whether to buy Polkadot depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Polkadot investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Polkadot (DOT) may be a suitable investment choice. However, remember that all investments come with risks.

Can I use cash to buy Polkadot?

Generally, buying Polkadot digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.

How much does it cost to buy 10 DOT?

To purchase 10 DOT, the cost in USD would be $67.153.

What are the fees for buying Polkadot?

Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies here.

How to use Apple Pay to buy DOT?

Currently, Bitrue does not support purchasing DOT or adding fiat currency using Apple Pay.

How to sell my Polkadot?

If your Bitrue wallet does not hold Polkadot, you need to deposit DOT into your Bitrue account. If you already have DOT, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of DOT you want to sell, select the selling price, confirm the sell order, and once your DOT is successfully sold, you can withdraw funds to your set bank account or other payment methods.

Can I purchase Polkadot (DOT) worth 1 US dollar?

In theory, Polkadot (DOT) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for DOT is 10 US dollars.

Disclaimer

Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.

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