How to buy Polkadot
DOT
Created by a former co-founder of Ethereum, Polkadot is a platform that seeks to connect multiple blockchain networks into an 'Internet of Blockchains'. It accomplishes this with its unique use of a main 'Relay Chain' where transactions are agreed upon, plus user-generated 'Parachains'. Unlike Bitcoin’s proof-of-work system, Polkadot uses a proof-of-stake consensus mechanism to secure the network, verify transactions, and create and distribute new DOT. You can buy and sell DOT for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade DOT for BTC the same way you trade CAD for USD. You can also trade DOT to CAD based on the DOT price. To learn how to buy Polkadot / DOT, scroll down to see how to buy Polkadot.
Founded in 2016 by Gavin Wood, former co-founder and CTO of Ethereum, Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. Security and stability are Polkadot’s key organizational values, and it achieves this by uniting multiple blockchains. DOT is the protocol’s token. The DOT token serves three distinct purposes: governance over the network, staking and bonding.
You may want to consider buying DOT if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Be a part of Polkadot’s governance network and influence its uses
Earn rewards by nominating a validator or becoming a validator yourself
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Polkadot (DOT)
All prices are in USD.
How to buy Polkadot
DOT
Created by a former co-founder of Ethereum, Polkadot is a platform that seeks to connect multiple blockchain networks into an 'Internet of Blockchains'. It accomplishes this with its unique use of a main 'Relay Chain' where transactions are agreed upon, plus user-generated 'Parachains'. Unlike Bitcoin’s proof-of-work system, Polkadot uses a proof-of-stake consensus mechanism to secure the network, verify transactions, and create and distribute new DOT. You can buy and sell DOT for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade DOT for BTC the same way you trade CAD for USD. You can also trade DOT to CAD based on the DOT price. To learn how to buy Polkadot / DOT, scroll down to see how to buy Polkadot.
Here’s how to buy Polkadot on Coinsquare
Buying Polkadot is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Polkadot, which trades as DOT. Based on when you think you can get a good DOT price, you should be able to trade DOT to CAD.
To buy Polkadot, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying DOT. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select DOT from the list on the trade section
Coinsquare lets you trade DOT without leaving the app. You can also check the Polkadot stock price and convert DOT to CAD on the platform.
Select a currency you’ve funded and use it to check the DOT price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy DOT
Congratulations! You’re now the proud owner of DOT. You can either HODL or use it to exchange DOT to CAD. To the moon!
Founded in 2016 by Gavin Wood, former co-founder and CTO of Ethereum, Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. Security and stability are Polkadot’s key organizational values, and it achieves this by uniting multiple blockchains. DOT is the protocol’s token. The DOT token serves three distinct purposes: governance over the network, staking and bonding.
You may want to consider buying DOT if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Be a part of Polkadot’s governance network and influence its uses
Earn rewards by nominating a validator or becoming a validator yourself
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my DOT?
Ready to add DOT to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.
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