Where to Buy Polkadot: Top 3 Exchanges in 2022

ByJulija A.
March 14, 2022

If you’re looking to get into the world of crypto, Polkadot is a great option. It's still relatively new on the market, so there’s plenty of opportunity for growth. In this article, we'll discuss where and how to buy Polkadot coins.

We'll also take a look at some of the top exchanges that offer this crypto, how they work, and what payment methods they support.

As we get to the end, we hope to have armed you with everything you need to make an informed decision about where to buy Polkadot and get started in the world of crypto. But first things first, let's go through some basics about this cryptocurrency so that you can get a more complete picture of how it works.

What Is Polkadot?

Polkadot is a fast and scalable blockchain platform that seeks to connect different blockchains together. This allows for greater interoperability between chains and, as a result, more efficient transactions. It also enables the development of new applications and protocols that wouldn't be possible on a single chain.

Polkadot is one of the newer cryptocurrencies in the industry, having launched in May 2020. One of Polkadot’s protocol developers is Gavin Wood, an English computer scientist who was also the co-founder of Ethereum.

Prior to this, Wood also worked as a research scientist at Microsoft and helped develop Solidity, a programming language designed for the Ethereum blockchain.

Despite being fairly new on the market, everybody wants to know where to buy Polkadot crypto, and it has already seen some impressive growth.

In December 2020, Bloomberg called this crypto "the Ethereum Killer," and based on a Statista report, in November 2021, Polkadot had a market capitalization of more than $50 billion, surpassing all expectations. Today, Polkadot is still one of the most promising cryptos, with a reported market cap of around $17 billion.

How Does it Work? 

Now that we know a little more about Polkadot, let's take a look at how it works so you can be fully informed before buying a Polkadot coin.

The platform is based on architecture that allows for different blockchains to be connected together. This makes it possible for transactions and data to move freely between chains. Transactions are validated by witnesses who are randomly chosen from a pool of validators.

The DOT token gives the validators the power to vote and take part in the evolution of the whole blockchain. Their votes ensure that the platform remains decentralized and democratic so that no single party can control it. 

The Polkadot network is powered by its own blockchain, called the Parity Substrate. This allows for greater scalability and faster transaction times. Some of the things that make Polkadot so popular and unique are its flexibility and ability to adapt to changing needs and environments.

Best Places to Buy Polkadot 

Polkadot has gained a lot of popularity, so crypto enthusiasts are eager to know where to buy Polkadot in 2022. There are many cryptocurrency exchanges where you can purchase this coin. However, not all these platforms are reliable and trustworthy, which is why we’ve made a list of the ones we consider the best of the best.

eToro

It all started in 2006 when a team of three entrepreneurs decided to create a social network for traders who wanted to exchange information and strategies. The site soon grew in popularity, and in 2013 it also introduced a wide range of stocks, enabling investors to improve their crypto portfolios and learn how to make better investment choices.

In 2013, eToro launched Bitcoin trading, and in 2017 it expanded its digital assets to include other cryptos as well.

Being one of the best places for buying Polkadot requires more than just a good selection of digital currencies. The exchange also needs to be reliable, offer good customer service, and have a user-friendly platform. eToro meets all of these requirements and is one of the most popular exchanges in the world.

When it comes to regulations, eToro holds licenses from the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). It is one of the most reliable exchanges for buying cryptos. Besides this, eToro offers a wide selection of payment methods, including PayPal, credit card, debit card, bank transfer, Skrill, iDEAL, Neteller, and more.

When talking about buying and selling Polkadot on eToro, the process is very simple. You first need to create an account on the site, which only takes a few minutes and involves a few quick steps. Once you're registered, you can deposit funds into your account using one of the aforementioned payment options.

You can then use these funds to buy any of the available cryptocurrencies and start trading.

Purchase Polkadot on eToro

Kraken

Kraken is another popular cryptocurrency exchange that offers a great array of cryptos, including Polkadot. Jesse Powell founded the site in 2011 with the idea of creating a platform that would allow people to quickly and securely buy, sell, and trade digital currencies.

The company soon became one of the most popular exchanges in the world and to this day remains one of the most renowned crypto exchanges around.

Kraken meets all the requirements and is an excellent choice for those interested in Polkadot and where to buy it. Its website is reliable, has a user-friendly platform, and offers good customer support. It also supports a wide variety of payment methods.

On Kraken, users can trade more than 110 digital coins, including Ethereum, Dogecoin, Polkadot, Litecoin, Ripple, and others. 

When it comes to safety, Kraken won't leave you disappointed as it takes security questions very seriously. It is registered with the Financial Crimes Enforcement Network (FinCEN) in the United States and FINTRAC in Canada and has a number of other licenses from different authorities around the world.

This makes it a reliable platform for trading digital assets and answers the question: "Where to buy Polkadot cryptocurrency?"

All you have to do to start your trading adventure with Kraken is register on the site and create an account. To do this, you’ll be asked to provide your email and country of residence and come up with a username and password.

Once that’s done, you’ll get an email with an activation code you need to provide on the website, and voila, you’re all set! You can enjoy all the benefits of this platform by logging into its desktop version or check your investments on the go through Kraken’s mobile app.

Purchase Polkadot on Kraken

Coinbase

To conclude our list, we’re featuring Coinbase, another eminent crypto exchange that operates in more than 100 countries and has a database of more than 73 million verified users worldwide. Coinbase was founded in 2012, and since then has been a safe and secure platform for buying, selling, and trading cryptocurrencies.

Buying Polkadot on Coinbase is straightforward, which is why it’s one of the best places to buy DOT. This trading platform offers excellent customer service and an intuitive website while supporting a plethora of payment methods.

It also has licenses from various authorities and complies with a number of financial services and consumer protection laws, such as the USA Patriot Act and the Bank Secrecy Act.

To get started with Coinbase, you’ll need to create an account, provide your full name and email address, then create a password. Once you do that and verify your email address, you’ll also have to confirm your location and phone number so that the site can send you a security code to access your account. 

All things considered, Coinbase is an excellent choice for those who want to know where to buy Polkadot coin in the US. It is a dedicated, customer-focused solution with a lot to offer.

It has a great selection of payment methods, multi-channel customer service, and supports more than a hundred different currencies, from classic ones to some of the more exotic ones, such as Polygon, Algoran, and SushiSwap.

Purchase Polkadot on Coinbase

Final Thoughts

Polkadot is an exciting new platform that has the potential to revolutionize the world of blockchain. If you are looking for a place to buy this cryptocurrency, any of the exchanges from our list will do the trick.

Whichever you choose, you can be sure your experience will be smooth and hassle-free, and you will get the best value for your money. Once you find the best way to buy Polkadot and get your first coins, all that is left is to sit back and hope that its price increases!

FAQ

Does Polkadot have a future?

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This is impossible to predict, as is the case with any cryptocurrency. However, Polkadot has a lot of potential as it is backed by some big names in the industry. This gives it a good chance at becoming a major player in the crypto world and serves as a good indication that its value is likely to increase in the future.

Which crypto will boom in 2022?

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Predicting which cryptocurrency will boom in a specific period is hard, as they are all incredibly volatile. However, some experts believe that in 2022, we should pay close attention to Terra, Polkadot, Cardano, and a few others.

What is the best crypto wallet?

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Now that you know where to buy Polkadot, you should also consider opening a crypto wallet to store your tokens and ensure their safety. As the number of digital currencies continues to rise, there are also more and more wallets to choose from. Some of the most popular ones include Coinbase Wallet, Exodus, and Mycelium.

About author

Albert Einstein is said to have identified compound interest as mankind’s greatest invention. That story’s probably apocryphal, but it conveys a deep truth about the power of fiscal policy to change the world along with our daily lives. Civilization became possible only when Sumerians of the Bronze Age invented money. Today, economic issues influence every aspect of daily life. My job at Fortunly is an opportunity to analyze government policies and banking practices, sharing the results of my research in articles that can help you make better, smarter decisions for yourself and your family.

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