Where to Buy Polkadot (DOT)
Are you trying to decide where to buy Polkadot (DOT)?
+If you are buying Polkadot but are not sure of which exchange to choose from, don't worry: we've got you covered!
In order to buy DOT, you can start by reviewing the most liquid trading pairs available. We made this easier for you by narrowing it down to the top 4 exchanges with the highest liquidity and some quick information about them that might help your decision.
Most of these platforms allow you to get started with very few and easy steps, and once you've set up and verified your account, you'll be able to make your Polkadot purchase in no time.
Here is a list of the top 4 most liquid exchanges to buy Polkadot (DOT) on:
- Binance: The most popular choice for traders to exchange thanks to their high liquidity levels, variety of trading pairs and security, Binance is the most liquid exchange for the DOT/USDT trading pair, and it offers great liquidity levels for other pairs such as BUSD, BTC and their native token BNB.
- Huobi Global: A Chinese exchange platform that works in over 130 countries (although not in the USA unfortunately) and its among the main exchanges in the world with the highest trading volumes.
- OKEx: This exchange based in Malta is one of the top 5 exchanges with the highest liquidity, which makes it a suitable option for traders in Europe and Asia looking to buy on the DOT/USDT trading pair.
- Coinbase Pro: An American cryptocurrency exchange suitable for US-based traders looking to buy DOT on USD and it is regulated in the USA by the Financial Crimes Enforcement Network, which adds another level of security.
List of Best Crypto Exchanges for US Residents
* Except for traders in New York and Washington
List of Best Crypto Exchanges for EU/UK Residents
List of Best Crypto Exchanges for Asian Residents
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Before you buy - What is Polkadot (DOT)?
+DOT is the native token of the Polkadot network, created with three distinct functions: governance, which allows DOT holders to actively participate in the network in upgrades, fixes, determining fees and auction dynamics; bonding, which is the ability to add new parachains by tying up DOT, which makes it a proof-of-stake; and stacking, where the holders play an active role on the performance of the platform by putting their DOT at risk in order to perform certain functions, a mechanism that rewards good holders and disincentivizes bad ones, in a way to ensure that the network stays secure.
It is currently one of the top ten coins by market cap, and if you want to check how the price compares to one of its competitors like Bitcoin before buying, you can try out our Comparison Tool here.
Best Cryptocurrency Wallets to Store Polkadot (DOT)
+When you decide to buy a cryptocurrency, it's important that you're familiar with wallets that allow you to store said coin, and pick one that best fits what you need.
Unlike a physical wallet, crypto wallets are not meant to store DOT, but rather provide a safe digital space to save your data, interact with the blockchains and allow you to buy or make the transactions you need from your account with the currency you want in only a couple of minutes.
They also come in four main types that you can review and choose from: hardware wallets, mobile apps, desktop wallets and web wallets.
Here's our top wallet selection for you to store your Polkadot:
- Ellipal's wallet offers complete security against remote and online attacks to your account, a user-friendly experience and comes with a large digital touch screen, which makes it a suitable hardware option to store your Polkadot after you buy.
- A popular option when investing in Polkadot, is the Guarda wallet, a software pack that you can easily install on your Windows, MacOs or Linux computer, and it also has mobile app and web platform versions.
- Other great options are Fearless, a mobile wallet designed specifically to support Kusama cryptocurrency and Polkadot, and the Polkadot mobile wallet, Polkawallet. These are best for those looking to purchase polkadot or manage their account anywhere they go in a short amount of time.