How to Buy Polkadot (DOT) with Credit Card, Debit Card, PayPal, Wire Transfer & More

This step-by-step guide will help you know where to buy Polkadot (DOT) using secure deposit and withdrawal methods like PayPal, Credit Card, and More. We'll also review the brokers and exchanges safe to invest in Polkadot, followed by the guidelines for beginners on how to buy Polkadot instantly.

Author: Usman Ahmed Last updated: 11/06/2022
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This simple guide lets you know How to buy DOT in 2022 instantly from the best Polkadot exchanges using different payment methods, including Debit, Credit Card, and PayPal. We’ll also list some of the best brokers to buy DOT in countries like Europe, the UK, and the USA. Lastly, we’ll review the brokers and exchanges safe to invest in Polkadot. Before diving into more details, let’s quickly explain What Is Polkadot (DOT)?

Debuted in 2020, Polkadot is a distributed computing open-source blockchain platform. The network employs a proof-of-stake method to reach a consensus. Polkadot includes several revolutionary technological elements, such as running two blockchains, including relay chains and parachains. Since its inception, DOT has benefited numerous investors, allowing them for data cross-chain transfers and offering Defi and parachain solutions.

Top 5 Platforms Where You can Buy Polkadot (DOT) in 2022

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

Capital At Risk

  • Min Deposit: 20 $£€
  • Number of Coins: 12+
  • Regulated by FCA & CySEC
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
MastercardNetellerPayPalSkrillUnionPayVisaWire Card

79.17% of retail cfd accounts lose money

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Card CashGiro PayMastercardUnionPayVisa
Visit Kraken

Capital At Risk

How to Buy Polkadot (DOT) Instantly in Three Quick Steps

Step 1: Create an account

First, open an account with a crypto exchange or broker listing Polkadot. Although there are different platforms to buy Polkadot, we’ll list some of the best. Still, it would help if you do your homework to verify that the exchange you’ve selected is secure and reliable.

Ideally, you should choose a reputable exchange. Most crypto exchanges allow seamless signup and should not take more than a couple of minutes. However, you’ll need to complete the KYC requirements before you start buying Polkadot.

Step 2: Fund the Account

Methods of funding your account vary depending on your selected platform or country of residence. Credit cards, debit cards, bank transfers, e-wallets (Skrill, Neteller, PayPal), and wire transfers are common choices likely to be available on most exchanges.

Step 3: Buy Polkadot (DOT), With or Without Leverage

Buying Polkadot tokens is the final step after financing your account. Depending on your chosen platform or your trade preferences, you can buy DOT coins with or without leverage. When you buy Polkadot without leverage, you pay the total amount for the asset and hold its complete ownership.

On the other hand, buying Polkadot with leverage only needs you to pay a fractional amount to enter a position and make profits via price speculation. This type of purchase is known as a CFD contract. In a CFD contract, holders don’t own the crypto asset.

Step One
Open A Free Account
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Step Two
Deposit Funds
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Step Three
Buy Cryptocurrency
Buy Now

Capital At Risk

What is Polkadot (DOT)?

Polkadot is a network of interconnected blockchains. Gavin Wood, co-founder and former CTO of Ethereum, started the project in 2016.

Polkadot has a core relay chain that offers security and uniformity for all linked Parachains. Each Parachain may run DApps, generate coins, and set customized network rules. Parachains are restricted and distributed through auctions.

DOT is the native utility token of the Polkadot network. Besides having the right to vote on proposed project improvements, holders can use them to pay network transaction fees. DOT is an unlimited supply inflationary coin having a nominated Proof-of-Stake (PoS) structure.

How Does Polkadot (DOT) Work?

Polkadot employs proof-of-stake consensus instead of proof-of-work to protect the network, validate transactions, and generate and distribute new DOT. Polkadot holders’ involvement in staking procedures depends on time, technical expertise, and financial resources.

Validators having sound technical expertise do most of the work. To be a validator, you must have a reliable node (one of the network’s computers) and stake a significant quantity of your holding DOTs. Holders can also earn a portion of transaction fees and receive tips by verifying authenticated transactions and adding new blocks to the relay chain. Not to mention, you can also lose your staked DOT upon acting suspiciously, making a mistake, or having technological issues.

Regular investors can stake indirectly through nominees. You may trust a validator with some of your DOT. Your validators earn DOT for you in exchange. Stakeholders should not forget to take precautions while selecting a validator.

On the other hand, Collators and Fishermen jobs demand less commitment than validators but require more technical competencies than nominators. While collators send Parachain transactions to relay chain validators, Fishermen discover and report problematic actors on the network.

Polkadot can analyze extensive data since the Parachains help the main relay chain enabling the network to execute more transactions per second than Bitcoin and Ethereum. Polkadot should get quicker as the network expands and new Parachains get added, reaching a benchmark of one million transactions a second.

How is Polkadot Different from or Similar to Bitcoin?

Bitcoin has always been at the top of the list in the crypto regime. Besides being one of the oldest cryptocurrencies, it has the largest market capitalization globally. On the other hand, Polkadot is relatively a new entrant and still establishes its impact. Let’s examine how Polkadot is different from or similar to Bitcoin.

Bitcoin (BTC)

Bitcoin is decentralized digital money that you can transmit through a peer-to-peer bitcoin network without mediators. Satoshi Nakamoto created Bitcoin in 2009. It primarily serves the purpose of value storage and exchange medium.

Polkadot (DOT)

Polkadot is a distributed computing open-source blockchain platform. The network employs a proof-of-stake consensus mechanism to verify transactions. Dr. Gavin Wood, the co-founder of Ethereum, invented the coin in 2016.

Differences Between Polkadot (DOT) and Bitcoin (BTC)

Market Capitalization

When comparing the market cap of Bitcoin and Polkadot, Bitcoin is the definite winner with a total market cap of a little over $700 Billion. On the other hand, the Polkadot market cap is worth around $17 billion. Honestly, it is hard to ascertain how high Polkadot can go further.


Both BTC and DOT employ distinct verification techniques. To authenticate transactions, BTC uses the proof-of-work mechanism, in which network miners solve challenging mathematical puzzles. On the other hand, DOT hosts a proof-of-stake consensus mechanism to verify the stake. DOT validators are chosen based on their DOT holdings.


Bitcoin differs significantly from Polkadot in terms of value. While BTC is worth roughly $46,000, Polkadot’s value stands around $18. Not to mention, BTC has been the most valued cryptocurrency ever since its inception.


Polkadot competes well with bitcoin, adopting a weighted charge mechanism for transactions. Users can perform transactions at a cost of up to 0.2%, making the DOT way cheaper than BTC.

Similarities Between Polkadot (DOT) and Bitcoin (BTC)

Trading style

There are various strategies to trade DOT and BTC. Crypto enthusiasts can buy or sell either of the coins on major crypto platforms and smaller exchanges.


Holders need to store both DOT and BTC in the same way. After acquiring the coins, a compatible cold or hot wallet is necessary.


Both Polkadot and Bitcoin are similar in terms of regulations. Because they are based on blockchain technology, no banks or bodies govern either of the coins.

Polkadot’s Historical Price Performance

When launched, DOT was worth roughly $0.29. The crypto price surged to $4.484 on the following day i-e August 23, 2020. The coin kept increasing and reached $6.3 by August 31, 2020. It took the crypto coin only ten days to rise over 200%. The price kept floating between $4 and $ 7 over the next few months until it printed an all-time high of $9.2 on December 31, 2021.

Besides a few minor dips in the price, DOT continued hitting new heights and reached $39.7 on February 21, 2021. After stumbling down by $10 over the next month, it started an upward journey again and recorded a new high of $45.8 on April 04, 2021. The following 20 days proved to be a complete disaster for the coin, and it dropped to $28.9 on April 24, 2021.

After rising back to $47 the same month, it started falling off and recorded its all-time low of the year at $12.3 in July amid the crash of the crypto market. However, the crypto soon started recovering, and the bullish momentum escalated it to the newest level of $53.4 on November 04, 2021. It was the highest price level that Polkadot had achieved during its existence.

Unfortunately, DOT could not sustain its position longer and dropped to $24.0 on December 20, 2021. As of January 23, the crypto floats around $17.5 with a market value of $24.17 bn and placing 10th among cryptocurrencies.

Buy Polkadot (DOT)

Remember that cryptocurrency markets are incredibly unpredictable, making it difficult to anticipate a coin’s price in a few hours, much alone long-term. Not to mention, the past performance of a crypto asset doesn’t guarantee its future growth. As a result, experts and forecasting platforms make mistakes.

Before making a final choice, it is better to conduct your research and consult with industry experts. Never invest more than you can afford to lose.

What Factors Influence Polkadot’s Price?

While multiple factors can influence DOT’s price, let us discuss a few of them below.


Unlike the Ethereum network, which is crowded and sluggish, Polkadot quickly integrates with various networks and is more scalable. Not to mention, despite being the most popular programmable blockchain, the Ethereum network failed to deliver as promised. Consequently, developers shifting to the cheaper network (Polkadot) to create apps utilizing Ethereum and Bitcoin blockchains can influence the DOT’s price to surge.

Reduced congestion

Polkadot employs Parachains to fix speed and traffic issues. Instead of one network for all apps, each has its tiny blockchain (or Parachain) linking back to the main chain.

On Polkadot’s blockchain, a spike in demand for one application will not affect the performance of others, and this can help the coin become the preferred choice of developers and may contribute to the rise in the coin’s value.


The crypto industry is so young that it may often be challenging to evaluate projects and comprehend the basics. Market caps might also be deceiving. Coins utilize diverse validation techniques, address different challenges, and there’s relatively little historical data.

While the management staff is one element, the number of developers involved is the other factor. According to a recent Electric Capital report, Polkadot’s development community grew from 197 in 2019 to 388 in 2020. Compared to Ethereum developers, the percentage is pretty low, but it shows moderate growth in Polkadot’s popularity, suggesting a possible surge in the prices of DOT.

How to Invest in Polkadot (DOT)

If you wish to add DOT to your investment portfolio, there are several ways for doing so.

Buy and HODL Polkadot

Whether you trade in a stock market or stake your interest in forex, commodity, and even crypto markets, HODLing is one of the most popular strategies of all time. Since cryptocurrencies tend to be excessively volatile, holding them for the right time can be a viable investment decision. No doubt, the crypto market can crash, leading you to incur losses. However, it surges back over time for sure. Therefore, if you hold your position until the crypto market recovers, you are likely to make a substantial profit. Polkadot has a bright future ahead of it based on past success. Buying DOT coins and hodling can be a rewarding long-term investment plan.

Buying Polkadot CFD

You may also trade DOT as CFDs. You can open a CFD contract and start speculating on DOT’s price. Your trading platform allows you to predict whether the underlying asset (DOT) will rise or fall.

You can open a transaction on the margin because CFDs are leveraged products. Depending on the leverage employed, investors can make huge gains. However, using high leverage can also result in significant losses.

Day Trading Polkadot

You can also day trade your DOT coins. Day trading refers to liquifying your position on the same day. Successful day traders need to understand DOT market movements besides sound understanding of the forex and crypto markets. Day trading is a rewarding strategy to invest in the coin, but it may be difficult for newcomers. It may take time to learn day trading, but you can always seek professional help to handle your account.

How to Buy Polkadot (DOT) Guide

Assuming now you know how to buy Polkadot (DOT), let’s figure out how you pay for it? Many ways to purchase DOT coins exist internationally, so selecting one that fits your needs should be easy.

How to Buy Polkadot (DOT) With Credit or Debit Card

Purchasing DOT tokens using a credit/debit card is one of the most convenient methods. While most exchanges will accept this as a payment option, you’ll likely discover that some countries are restricted to use this option.

Being a universal trading platform, eToro accepts credit/debit card deposits from traders worldwide. After depositing fiat, traders can buy real DOT coins or open a CFD position to speculate on DOT’s price.

Polkadot (DOT) chart

eToro doesn’t charge any fee on deposits via a credit or debit card. However, the spread charge is an exception. Also, fund transfers in a currency other than USD will incur conversion costs. Not to mention, instant funding of your trading account is yet another benefit of using credit/debit cards.

How to Buy Polkadot (DOT) with PayPal

PayPal is another viable option for purchasing DOT tokens on brokers/exchanges. eToro supports this option in most countries across the globe. However, you can find the list of restricted countries on the company’s website.

PayPal transactions are available in four base currencies: USD, EUR, AUD, and GBP. The maximum deposit is $10,000. Notably, customers should already have an active account with PayPal connected to a credit card or debit card or should have some funds available in it.

As with credit/debit card payments, there are no additional fees unless you don’t use a currency other than the account’s base currency. Additionally, funds transfers are quick, and the company instantly reflects the balance in your account.

How To Buy Polkadot (DOT) With eWallets (Skrill, Neteller)

e-Wallets are now widely used to fund exchanges like eToro. Most eToro customers prefer utilizing Skrill and Neteller to buy DOT coins since the deposit procedure is fast and straightforward. Also, eToro offers deposits from $100 to $10,000 with no transactional or processing fees.

How To Buy Polkadot (DOT) With Bank Wire

Bank Wire is another excellent option for buying your favorite crypto coins on eToro, provided that eToro does accept wire transfers from your home country. By the way, wire transfers are most likely to be accepted worldwide. Unlike card payments or e-wallets, the minimum deposit limit for wire transfers is $500, almost double the required amount in other options.

While the apparent benefit of financing your eToro account using a bank wire is unlimited deposits, the major drawback is the time it takes to process your payments. Usually, wire transfers take longer, and cash may not appear in your account for up to 7 working days.

How to Buy Polkadot (DOT) Anonymously Without I.D. Verification

Unlike other platforms, eToro allows clients to buy DOT coins without I.D. verification. If you wish to disguise your identity, you may skip the KYC verification step during the registration process. However, clients need to verify their accounts within 14 days of registration. Else, the broker reserves the right to close your account anytime.

Please note that unverified accounts can buy DOT coins of up to $2250 worth with a non-verified account.

What are the Pros and Cons of Buying Polkadot (DOT)?

Let’s have a quick look at some pros and cons of buying Polkadot below.


  • Competence: The Polkadot network took time to design from the ground up, allowing it to incorporate all essential features from the start. Unlike its competitors, the network didn’t struggle to deliver on pre-launch claims.
  • Interoperability: The Polkadot network can communicate with other blockchain-based networks. It has enabled new uses like interoperability and sharding. Unlike Ethereum, Polkadot allows for win-win horizontal database sharding.
  • Scalability: Its unique economic scalability comes from using a single group of validators, securing many blockchains. To scale transactions, Polkadot uses numerous parallel blockchains.
  • User-Governed Network: Polkadot features an advanced governance framework that includes all stakeholders. As Polkadot evolves, it represents the community’s ideals and avoids stagnation.
  • Forkless Future: Unlike other networks, the Polkadot network doesn’t need forks to add new features or repair issues. Polkadot can readily adapt to new technology and upgrade itself.
  • Speed: Polkadot can handle millions of transactions a second, compared to Ethereum’s 15-30 transactions per second. That means Polkadot can deal with more smart contracts than Ethereum, and it doesn’t require exorbitant gas prices that have hampered other networks.


  • Existing competition: Smart contract blockchains competing for decentralized applications, including Ethereum, Binance Smart Chain, Tron, and Cardano, are likely to give Polkadot network a tough time. Also, after Cardano is fully functional, the rivalry in decentralized finance will heat up. Like Ethereum introduced smart contracts, and others followed. Polkadot led the way in terms of interoperability, but others would follow shortly after.
  • Infancy: Polkadot must establish that it has the most pleasing possibilities for smart contracts to live up to the hype surrounding its debut. If that doesn’t happen, it’ll simply be another crypto-hyped coin that didn’t deliver and didn’t reach its potential. Since DOT hasn’t been there for so long, predicting the future of DOT in such a volatile and unpredictable crypto landscape is almost impractical.

What do You Need Before You Can Start Buying Polkadot (DOT)?

Before adding DOT coins to your crypto portfolio, make sure you have a trade account, required capital, and a DOT wallet.

1. Trading account

To buy a DOT coin, you first need to open a trading account with an exchange or a broker listing  DOT coin. There are multiple options depending on your trading preferences, so browse around. Most will allow you to try out a demo account or trial period before committing fully. Also, different trading platforms provide distinct trader accounts.

2. Capital Investment

You’ll need money to buy DOT tokens, and the required amount depends on your investment strategy. HODLing doesn’t cost much money because you can purchase tokens in fractions. On the other hand, you may need to pay extra cash to open a CFD position. However, that may not always be the case.

For instance, if you wish to buy a whole BTC token, it will cost you thousands of dollars. However, trading BTC as a CFD would only need you to deposit a minimum amount required to open an account with your selected platform and start speculating on the asset price immediately.

3. Wallet

After buying your coins, you’ll need a safe location to keep them. You can use any hot wallet or cold storage place to protect your crypto holdings.

How Much Do You Need to Buy Polkadot (DOT)?

Buying DOT tokens requires a certain quantity of money depending on several factors. However, the most crucial factor is the market price. had DOT selling at $18.96 at the time of writing.

How much to buy DOT

Aside from the token fee, there are additional expenses. Most platforms have customized trading limitations and may have a different pricing structure for deposits, transactions, or conversion costs.

Although crypto exchanges and brokerage firms do not charge for crypto wallets so you can store your digital currencies safely, do not forget to check non-trading costs, such as overnight fees, inactivity fees, etc.

Where Can You Buy Polkadot (DOT) Today?

Buying DOT tokens is simple once you have satisfied the prerequisites. Most exchanges provide multiple options, such as buying real crypto assets or trading DOT coins as CFDs or futures contracts. While searching your preferred platform, do look for the available choices.

Usually, two kinds of platforms allow you to buy DOT instantaneously, including crypto exchanges and brokerage firms. You can buy DOT coins with credit/debit cards, bank transfers, or e-wallets on crypto exchanges like Binance, Coinbase, Kraken, etc. On the other hand, brokers such as, plus500 allow you to speculate on DOT’s prices using CFDs. However, some hybrid platforms like eToro offer you both options.

What to Look for in a Polkadot Trading Platform?

Since multiple platforms are listing Polkadot, selecting the best one might become a difficult task to do. However, you can use the following guideline to make the right choice.

Trading Fees

Undoubtedly, buying or selling DOT coins involves transactions and the associated cost that matters. Therefore, it is crucial to confirm the relevant prices from the broker and compare them with other recommended platforms. Try to sign up with an exchange that seems affordable. Not to mention, choosing a high-cost platform can make you compromise on profitability.

Available Payment Methods

Your prospective crypto exchange or brokerage firm should be offering multiple payment methods, making it easy for you to pay. Look for the availability of your preferred payment method and the associated cost. Also, do not overlook the time your desired payment method takes to process a transaction to avoid inconvenience.

Easy-to-use Trading Platforms

Newbies should make sure that their selected platform is user-friendly. Most crypto intermediaries also provide a demo account. You can sign up for a demo account with your preferred trading platform and explore its services and features to assess if it is worth your investment.


Finally, checking out a platform’s reputation is also unavoidable. You should check the company’s reputation and collect as much information as possible. Start by reading online reviews and seeing what people say about the prospective firm. Avoid platforms with a history of hacking and other malpractices.

We’ve selected the top 5 picks where you can buy DOT coins securely. Check them out.

1. eToro – Best for Social Trading

Available Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

Capital At Risk

eToro is one of the leading social trading platforms founded in 2007. The firm is based in Israel and serves clients worldwide through its multiple regional offices. While clients can trade numerous financial instruments, including currencies, stocks, CFDs, commodities, ETFs, and cryptocurrencies, the brokerage firm is primarily famous for its state-of-the-art social trading services. Whether you are a novice trader or a veteran crypto enthusiast, generating passive income by replicating successful trades on eToro shouldn’t be an issue.

Buy Polkadot (DOT)

Moreover, eToro’s user interface is pretty straightforward. The signing up process is relatively quick, but you’ll need to submit proof of identity, which may take up to a day or two. The broker holds multiple regulations from top-tier regulatory bodies such as FCA, CySEC, and ASIC.

After signing up with the platform, you have multiple options to fund your account. The best part is that eToro doesn’t charge fees on deposits. The broker is a hybrid platform that allows clients to buy real DOT coins or open a CFD position using the leverage of 1:2 along with competitive spreads (i-e 1% on buying or selling all crypto assets). However, residents of some countries such as the U.K. can only purchase real crypto assets after FCA banned trading crypto derivatives. In addition to DOT, clients can trade more than 50 crypto coins on eToro, including BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM.

Although eToro offers 14 crypto-crosses, it currently doesn’t support DOT trading against any other crypto. Therefore, you can only trade DOT against USD (DOT/USD) at the moment.

Clients can seek customer support in multiple languages via all social media channels, such as Facebook, Twitter, and Instagram, except for the live chat feature primarily available for eToro club members. To find more details, please read our eToro full review.

Pros and cons of buying DOT on eToro


  • Leverage: Clients can employ leverage of up to 1:2 to buy crypto CFDs on eToro. The maximum leverage depends on your country’s margin trading legislation.
  • eToro wallet: eToro has a built-in wallet where you can store your Polkadots and other cryptocurrencies.
  • Social trading: eToro allows DOT traders to duplicate trade with ease and security.
  • Instant purchase: Clients can buy DOT coins instantly on eToro. After your payment is successful, the broker immediately reflects your crypto assets in your account.
  • FSCS funds protection: eToro offers funds protection of up to $250,000 to clients based in the United States. EU clients can also seek compensation of up to £85000 under eToro’s Financial Services Compensation Scheme (FSCS) if the company becomes insolvent.


  • Limited research tools: eToro’s limited research tools and educational resources can be a limiting factor for those who wish to enhance their trading skills and exposure, especially the newbies.
  • High minimum deposit: Clients need to deposit a minimum of $200 to open an account with eToro. Traders with limited capital investment may struggle to get started with eToro.
  • High non-trading fees: eToro employs a withdrawal fee of $5 and a conversion charge of 2% on funds transfers in a currency other than the account’s base currency, making the overall cost a bit expensive.

How to Buy Polkadot (DOT) on eToro – Step By Step Guide

  1. Visit the eToro official website and click the Join now button available in the upper right corner.
    Buy Polkadot (DOT)
  2. Enter your detail on the registration page, including your username, email I.D., password, and click on create an account.
    Buy Polkadot (DOT) on eToro
  3. Sign in to your trading account using login credentials and complete the KYC process. You can also skip the KYC process and verify your identity later. However, it should not take you more than two weeks from the date of registration.
  4. Navigate to the Deposit Funds button on the dashboard and select your favorite payment option, i-e, credit/debit cards, e-wallets (Skrill, Neteller), bank transfer, etc.
    Buy Polkadot (DOT) on eToro
  5. Enter your desired deposit amount and authenticate the transaction details. Once you have received funds in your account, you can initiate your position.
  6. Select “Trade Markets,” then “Crypto” on the dashboard. Find DOT using the search bar, enter the desired quantity of DOT, and click on “Open Trade”.
    Buy Polkadot (DOT)

Note: Clients can deposit a maximum of $2250 without I.D. verification. Also, eToro allows clients to move non-leveraged tokens between their wallets and their eToro account.

 2. – Best for CFD Trading

Available Coins: 12+
Margin Trading: YES
Minimum Deposit: 20 $£€

79.17% of retail cfd accounts lose money is a multi-asset broker offering trading services across numerous financial markets, including stocks, indices, commodities, and cryptocurrencies. Capital Com (U.K.) Limited is approved and regulated by the Financial Conduct Authority (FCA). It stands out for its low trading costs and AI-powered trading platform. Not to mention, the broker is best known for its seamless trading conditions to trade CFDs.

The broker accepts clients from almost all parts of the world, except a few jurisdictions, including the United States. Signing up with is quick and easy. The company has multiple deposit methods, making it convenient for clients to start.

Buy Polkadot on’s cost structure is also outstanding. While there are no hidden fees or charges for deposits or withdrawals, the minimum deposit is $20, which is pretty much affordable. Since the broker employs variable spreads, calculating the exact cost to trade Polkadot and other crypto assets on is difficult. Not to mention, the broker also charges excessive fees on positions held overnight.  The company offers leverage of up to 1:2 for trading crypto CFDs. allows clients to trade more than 12 cryptocurrencies, including but not limited to Ripple, Cardano, Ethereum, Bitcoin, Dogecoin, Shiba Inu, MATIC, VeChain, Litecoin, TRON, etc. You can see the complete list of offerings and read the full review here. customer service is also up to the mark, allowing clients to raise their concerns round-the-clock seven days a week.

Pros and Cons of purchasing Polkadot on


  • User-friendly trading platforms: offers AI-powered platforms that enable traders to have a more tailored experience.
  • Competitive spreads: has low trading costs, making it popular among traders.
  • Regulated: Top regulatory authorities regulate the broker, making it safer than other platforms.
  • Rich product portfolio: offers you to access a wide range of trading pairs across all major classes of tradable assets.


  • Low leverage:’s highest leverage for crypto trading is 1:2, compared to other platforms’ maximum leverage of 1:5.
  • Complex U.I.: Although the broker’s AI-powered trading interface is brilliant, it may intimidate new traders.

How to Buy Polkadot (DOT) on – Step By Step Guide

  1. Go to the official website of the broker i-e Click on the ‘Trade Now’ button to access the registration page.
    Buy Polkadot (DOT)
  2. Enter your details on the signup page, such as username & password, and click continue.
  3. Click the ‘Fund Account’ button available at the top of the dashboard. In the pop-up window, select your desired payment option. Using credit or debit cards will speed up transactions. Apple Pay and bank transfers are other alternatives and may require 1-5 days for funds transfers.
    Buy Polkadot (DOT)
  4. Search for Polkadot in the top search bar to see all trading pairs for DOT.
    Buy Polkadot (DOT)
  5. Select your desired trading pair and click ‘Trade’ on the side panel. The panel also shows any fees associated with the trade. Click ‘Buy’ to finish the deal.

Note: exclusively offers DOT CFD trading; tokens are non-transferable.

  3. Coinbase – Best for Beginners

Available Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

Capital At Risk

Coinbase is a decentralized crypto exchange that has been around for almost a decade. The company has grown into one of the world’s largest and most trusted crypto exchanges. It is also the world’s first crypto exchange to go public. Clients from almost all parts of the world can sign up with the exchange. The crypto platform comes in two versions. While newbies can use Coinbase’s regular exchange, skilled traders and institutions can opt for the Coinbase PRO.

The signup process is simple and fast but needs you to complete the KYC process. Also, unless your account is verified, the company doesn’t allow clients to buy DOT coins or other crypto assets. Whether you wish to trade on the primary exchange or prefer accessing the Coinbase PRO, you can buy DOT tokens using multiple payment methods. Available options include debit cards and credit cards, e-Wallets (Skrill, PayPal, and Neteller), Bank transfers, SEPA (U.K.), Ideal, Sofort (Europe), and ACH (U.S.). When you buy or sell cryptocurrencies on Coinbase, the company employs a built-in spread in the crypto prices. Therefore, it becomes difficult to ascertain the exact spread charge for a specific coin, including Polkadot. Since the platform doesn’t support derivative trading, you can’t open a CFD position on Coinbase. The crypto exchange offers a wide range of cryptocurrencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Aave (AAVE), Cardano (ADA), USD Coin (USDC), Dash (DASH), Dogecoin (DOGE). Available crypto-crosses on for trading Polkadot include DOT/USD, DOT/EUR, DOT/GBP, DOT/USDT, DOT/BTC.

You can also read our full Coinbase review here.

Buy Polkadot (DOT)

Coinbase asks for low minimum deposits. Clients can start as low as $50. While the exchange does not impose deposit fees, it may charge transactional fees depending on the selected currency and trading volume. In addition to offering clients seamless trading exposure, the company pays special attention to customer service. A multilingual customer support team always remains available to address clientele issues on a timely basis.

Pros and Cons of Buying Polkadot (DOT) on Coinbase


  • Simple User Interface: Coinbase’s user interface is intuitive and straightforward for newcomers.
  • Liquidity: Coinbase is one of the world’s most liquid crypto exchanges where clients can quickly fulfill huge DOT orders.
  • FDIC insurance: Coinbase does not keep more than 2% of customer crypto deposits in hot wallets protected against hackers and other breaches. The FDIC insures Coinbase US client deposits up to $250,000.
  • Non-custodial wallet: Coinbase offers a free non-custodial wallet for keeping your crypto assets safe and secured.


  • Complex fee structure: Coinbase has a complicated fee structure, making it hard for newbies to ascertain relevant costing.
  • Compulsory KYC: The crypto exchange does not allow anonymous DOT purchases. Clients must verify their accounts before they can buy crypto assets at Coinbase.
  • Account closure: Users blame Coinbase for arbitrarily closing and freezing client accounts.

How to Buy Polkadot (DOT) on Coinbase – Step By Step Guide

  1.   Navigate to the Coinbase official website and click on the get started button available on the top right corner of the homepage.
    Buy Polkadot (DOT)
  2.   Enter your details on the registration page and click open an account.
  3. Click on the Deposit Funds button available under the Portfolio tab on the dashboard. Depending on your location, the broker may allow you several options to add funds to your account, such as credit cards, debit cards, bank transfers, eWallets (Skrill, Neteller), etc.
  4.   Choose your favorite option, enter your desired amount and authenticate transaction details.
  5.   Right-click on the “BUY/SELL” tab and pick your desired crypto assets, such as DOT, from the list of available coins.
  6. Customize the deal by entering the desired cryptocurrency amount. Click the Buy button to complete the purchase.

Buy Polkadot (DOT)

Note: Coinbase offers you a built-in exchange wallet to hold your DOT coins. However, it is better to move them to a cold storage place after buying them from the exchange.

4.   Binance – Best for Low Fees

Available Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

Binance is by far the largest cryptocurrency exchange in the world. It serves clients in over 200 countries and jurisdictions. Recently, Binance introduced a peer-to-peer crypto trading platform, making it easy for clients to find the best deals. Being the world’s most liquid exchange, it allows you to fill up your orders instantly without significant price gaps. Whether you buy DOT tokens or enter futures contracts, the platform offers you complete control over your trading preferences. Available DOT crosses on Binance include DOT/BTC, DOT/USDT, DOT/BUSD, DOT/BNB, DOT/ETH, DOT/AUD, DOT/BIDR, DOT/BRL, DOT/GBP, DOT/USD, DOT/EUR. Depending on the Maker/Taker fees tier, the platform charges between 0.10% and 0.15% when buying DOT coins on Binance. However, clients can avail 25% discount using BNB tokens. There are currently no leveraged products available for trading Polkadot on Binance. However, the crypto exchanges allow you to opt for margin trading using borrowed funds up to 10 times in value of collaterals.

Creating a Binance account is simple. While the crypto exchange usually accepts crypto deposits, clients can use the P2P platforms or third-party exchanges like Simplex, Shapeshift, or Moonpay to purchase DOT tokens on Binance. Clients can also buy more than 1000 cryptocurrencies on the exchange. Our full Binance review lists them, check it out.

Buy Polkadot (DOT)

The minimum deposit amount into Binance varies depending on your selected third-party exchange. However, the most negligible trading value is $1, and the maximum is $150. Binance doesn’t charge any fees on deposits and withdrawals; However, third-party exchanges may charge you a modest transaction fee.

While clients can’t buy crypto assets without I.D. verification, the company sets the maximum limit for each digital currency depending on the user’s verification level. The company also offers a hot wallet to keep your investment. Customer support at Binance appears a bit slower than most other competitive firms.

Pros and Cons of Buying Polkadot (DOT) on Binance


  • Fund protection: Binance offers a fund insurance program, enabling clients to claim their capital losses if the company goes into liquidation or experiences a hack.
  • Competitive pricing: Fees for processing crypto transactions are as low as 0.02%, with a 25% reduction if paid in BNB coins.
  • Liquidity: Binance offers high liquidity to its clients, enabling them to fill their orders at desired prices round the clock.


  • Advanced trading interface: Binance user interface may be too complex for new crypto traders.
  • No phone support: Binance does not provide phone assistance. Clients have to rely upon alternatives such as email and social media channels.

How to Buy Polkadot (DOT) on Binance – Step By Step Guide

1.  Go to US-based clients can access the Binance.US to sign up.

2.  Click the “Register Now” option available on the top-right edge of the website. Enter your details on the registration form and proceed to the next step.

Buy Polkadot (DOT)

3. Create a Binance account and verify it on the official website. To complete the KYC procedure, you must prove your identity. Fill out the registration form completely.

4. Log in and select the “Buy Crypto” button available in the dashboard to add funds to your account. Select your currency and payment method from the list of available options, including debit/credit cards, bank transfers, P2P trading, and third parties like Simplex. (We used credit/debit cards for this article.)

Buy Polkadot (DOT)

5. Find DOT using the search bar, enter the amount of DOT coins you wish to purchase and provide authentication details. Ensure the name on your Binance account matches the name printed on your card. Else the company might decline your payment in compliance with AML guidelines.

Buy Polkadot (DOT)

6. After the payment is successful, your DOT tokens will appear in your account right away.

5. Kraken – Best for Safe DOT Storage

Available Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

Capital At Risk

Kraken is a well-known name for trading cryptocurrencies, especially in strict regulatory jurisdictions, such as the United States. With dedicated measures for security assurance, the company offers instant trade execution, taking clientele experience to the next level. Besides spot trading, the crypto exchange allows you to trade DOT futures with a leverage of up to 1:5.

Kraken serves customers all around the world, including the U.S. Kraken lists more than 50 crypto assets, including but not limited to Monero, XMR, Monero; Moonbeam, GLMR, Polkadot; Moonriver, MOVR, Kusama; Nano, NANO, Nano; Ocean, OCEAN, and ERC-20. Available crypto-crosses on Kraken for trading Polkadot include DOT/BTC, DOT/ETH, DOT/USDT, DOT/USD, and DOT/EUR.

Buy Polkadot (DOT)

While the company has a seamless registration process, clients can choose between different payment methods to add funds to their accounts. Some popular options available on Kraken include debit cards, credit cards, wire transfers, bank transfers, e-Wallets (Skrill, PayPal, Neteller).

The minimum deposit required to open an account with Kraken is $10 only. Clients can access the basic exchange version or switch to the Pro trading mode depending on personal preferences. Kraken charges trading fees, depending on factors, such as selected pair, the volume traded in the last 30 days, your maker or taker status. Spreads between 0% and 2% are typical for most trading pairs on Kraken. However, the exact trading cost is shown at the time of order placement.

Pros and cons of buying Polkadot on Kraken


  • Liquid exchange: Kraken is ranked fourth on in terms of liquidity. Because of the exchange’s global reach, clients may complete orders quickly.
  • Trading fees: Kraken registered members enjoy low trading costs.
  • Reputation: Kraken has an excellent reputation in the business. It is an un-hackable platform.
  • Security: Kraken offers cold storage for DOT coins and enhanced security features. It also employs two-factor authentication to prevent unauthorized access.


  • Not suitable for newbies: Due to the interface’s complexity, beginners may have a lengthier learning curve with Kraken.
  • Limited research tools: Unlike competitors, Kraken’s research and educational tools seem outdated and might become the limiting factor for traders looking to learn and grow.

How to Buy Polkadot (DOT) on Kraken – Step By Step Guide

  1. Visit the official website at and click on the get started button to access the signup page.
  2. Select a verification level and upload relevant documents as required. While the Stater level needs phone number verification, seeking intermediate level verification would need you to provide a copy of your I.D. card and upload a selfie. You must bank statement and fulfill AML requirements to access the PRO level.
  3. On the dashboard, click on add funds to your account option and select your preferred payment method, such as debit cards, credit cards, Giro Pay, wire transfers, etc.
    Buy Polkadot (DOT)
  4. Select your preferred currency and enter the amount you wish to deposit. Kraken allows clients to deposit in seven fiat currencies, including USD, CHF, GBP, AUD, CAD, JPY, and CHF.
  5.  Enter your payment details and authenticate them to complete the transaction.
    Buy Polkadot (DOT)
  6. Access the dashboard, find Polkadot using the search bar available under the markets tab, and open the dialogue box.
  7. Indicate the type of order you wish to place after selecting your desired value and click on the buy button to initiate the order.

Note: Kraken exchange will transfer your DOT coins to your wallet right away.

Other Ways of Getting Polkadot (DOT)

Aside from buying DOT from brokerages, exchanges, and ATMs, additional ways to get DOT tokens are listed below.

Gift or Tip

Because of its low worth, people may wish to give it away as a tip or gift. While your friends and family can send you DOT coins as a gift, businesses shouldn’t be surprised to receive DOT tokens as a tip given to acknowledge their quality services. All you need is to have a supported wallet ready all the time.

Website faucets

Several faucet websites may also allow users to get some DOT coins for free. Anyone who wants a share can request one. Usually, faucet websites ask interested people to complete specific tasks such as form filling, posting gigs, playing games, or watching an advertisement, to receive free DOT coins.

How Can You Use DOT tokens?

After adding DOT coins to your portfolio, you may think about spending DOT tokens in the best way. Here are some suggestions.

1. HODL as a speculative asset

If you are risk-averse, then HODLing may be the best investment plan for you. That means keeping DOT coins in a crypto wallet for a long time. When you HODL, you anticipate that your crypto asset worth will appreciate over time. If you believe the coin’s value will rise in the future, buying them is worth it. However, the crypto market can crash anytime, leading you to incur severe losses. Therefore, do not invest the money you can’t afford to lose.

 2.  Altcoin trading

Most of the platforms mentioned here are brokers/exchanges. So you may use them for trading and earning DOT coins. Among the trading tactics available are day trading (profiting from daily DOT price changes) and CFD trading. Day trading is dangerous and paired with crypto’s volatility. You might lose a lot of money. So, before signing up for a real account, try learning skills using a demo account and practice as much as possible.

3. Pay for Services and Goods

DOT’s popularity has influenced its adoption. Sooner or later, businesses will start accepting DOT coins as a payment method against services and goods.

4. Donate to a charity

Like many other prominent cryptocurrencies, you can also give away your DOT coins for charitable purposes. Just find a charitable organization accepting DOT coins.

What do people say about buying and investing in Polkadot (DOT) on Reddit?


The Reddit community seems to have positive views concerning investment in Polkadot. However, while responding to a Reddit member seeking investment advice on DOT, an anonymous user replied that people need to research before staking their interest in DOT. He added that investing in something you genuinely believe in and have a strategy for is less stressful.

Buy Polkadot (DOT) Review

Many have emphasized transaction speed, like in the case of Solana. But transaction speeds aren’t the issue. The main concern is whether the blockchain trilemma is solved? Did they give up decentralization, scalability, or security, and how much of each? Given the DOT outreach, it might be the right solution. A few more posts on Reddit also seemed to apprise Polkadot investment.


Quora community also has positive thoughts on buying Polkadots. However, a group of people on Quora believe that even though blockchain technology tends to revolutionize the world, and specific cryptocurrencies are already enjoying tremendous growth, it’s hard to say if you should stake your interest in Polkadot or not. It will take time for this new coin to achieve significant success.

Buy Polkadot (DOT) Review

While it is possible to profit from cryptocurrency trading, you must be cautious as the value of the digital currency fluctuates often. If you wish to buy Polkadot (DOT) to sell it later, the price may drop before completing the transaction. So, before investing your money, you should be extremely cautious.


Polkadot allows for the deployment of customized blockchains, which can be readily adjusted to unique demands for enterprises of all sizes while also allowing for their hassle-free upgrading.

Because Polkadot is a new ecosystem, many projects are still in the works. So, despite its great appearance, it requires more time to judge its genuine potential.

We didn’t only write this guide to tell you how to buy Dot tokens or where to get Polkadot. Instead, we wanted to help you get the information and insight you need to see the broader picture and make the most of your Polkadot investing adventure.

Frequently Asked Questions (FAQs)

The Polkadot blockchain runs on DOT, the native coin. Currently, there are less than one billion DOT tokens in circulation.

No, Polkadot is not Proof-of-Work. Instead, it employs a Nominated Proof of Stake process. Hence staking tokens with a validator is known as ‘nominating’. Similar to what many other networks call ‘staking’ for everyday users.

Polkadot can interact with other blockchains by incorporating the concept of a bridging chain. The network aims to feed data from linked blockchains to the main relay chain of the Polkadot.

Polkadot is relatively a new entrant in the market. If you enjoy taking chances, your investment may pay off handsomely. But it might also fail if a competitor with more robust technology comes along and overtakes Polkadot. It will take time for Polkadot to achieve great success despite its various efforts. As for its value in exchanges, it is worth keeping an eye on.

Polkadot is technically too strong, but its relevant track record is the current limitation. Polkadot’s blockchain employs a combination of numerous theoretical notions and software. With everything working as planned, Polkadot should attain its goals.

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