Discover how to buy Polkadot (DOT) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Polkadot (DOT) is currently at
$1.9410
-$0.01700 (-0.88%)
Last updated on --.
How can I buy Polkadot on OKX?
Whether you're new to crypto or an experienced trader, you can buy Polkadot using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Polkadot
Select Polkadot and buy using your chosen method.
Step four
Receive your Polkadot
Confirm your purchase and store your Polkadot in your portfolio.
What's Polkadot?
Polkadot is like a bridge that helps different blockchains talk to each other. Imagine you have different islands, each with its own language. Polkadot helps them communicate and share information. It exists to make the internet of blockchains more connected and efficient, solving the problem of isolated blockchains that can't share data easily.
How can I buy Polkadot?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. 2) Verify your identity with required documents for KYC compliance. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the 'Buy Crypto' section, select Polkadot, and enter the amount you wish to purchase. 5) Confirm your buy order and complete the transaction.
Why do people buy Polkadot?
People buy Polkadot because it enables different blockchains to work together, enhancing the overall functionality of the blockchain ecosystem. It supports projects that require interoperability, making it useful for developers and businesses. Polkadot's technology is adopted by various applications, providing real-world solutions without focusing on profit.
Things to know before buying Polkadot in the United States
In the United States, cryptocurrencies like Polkadot are legal but regulated. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains and income from activities like staking. It's important to consult a tax professional to understand specific obligations and ensure compliance with IRS regulations.
What are other ways to own Polkadot?
Besides buying, users can obtain Polkadot through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs. Staking Polkadot can earn rewards, and providing liquidity in certain platforms may offer tokens as incentives. These methods require effort and understanding of the risks involved, such as market volatility and network participation.
How can I store my Polkadot?
To store Polkadot safely, consider custodial wallets, where a third party manages security, or non-custodial wallets, giving you full control. Hot wallets are convenient for frequent access but less secure than cold wallets, which are offline. Use strong passwords, backup recovery phrases, and understand proof of reserves to protect your assets from loss or theft.
Why should I buy Polkadot on OKX?
Learn more about the security measures keeping your Polkadot safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Polkadot (DOT)
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Bitcoin
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$89,238
-0.87%
Ethereum
ETH
$2,937.35
-2.13%
Tether
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$0.99873
-0.04%
BNB
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$889.3
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$1.001
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$0.3085
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How to get Polkadot for free
Invite friends, earn rewards
See how you can get free Polkadot when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Polkadot grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Polkadot airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Polkadot
Take advantage of price fluctuations and trade your Polkadot for other cryptocurrencies.
Send Polkadot
Send your Polkadot anywhere, anytime with fast, low-cost transfers.
Spend Polkadot
Use your Polkadot to pay for goods, services, and experiences seamlessly.
Hold Polkadot
If you think your Polkadot will increase in value, you can hold onto it.
Sell Polkadot
Convert your Polkadot to cash quickly and securely.
How to buy Polkadot (DOT) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Polkadot DOT safely on a trusted exchange like OKX.
Choose the best exchange to buy Polkadot (DOT) depending on your individual needs. Factors to consider when picking the best place to buy Polkadot (DOT) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Polkadot. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Polkadot (DOT), as well as fiat withdrawal options.
This depends on the method you use to convert Polkadot (DOT) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.