How to Buy Polkadot

(DOT)

What is Polkadot (DOT)?

Polkadot solves one of the critical issues of the crypto space – interoperability. The Polkadot platform provides an ecosystem of interconnected blockchains. Polkadot was founded by Gavin Wood, Peter Czaban, and Robert Habermeier in 2016. Gavin Wood also happens to be a co-founder of Ethereum and the creator of the solidity language.

Polkadot transactions are confirmed and validated via the nominated Proof-of-Stake algorithm. The Polkadot ecosystem has one relay chain wherein protocols may connect to it via their customizable Parachains. Each parachain is customizable enough to run its own network rules, mint tokens, and run dApps. The native token of Polkadot is DOT which allows projects to bid for a slot in the parachain auctions. DOT is an inflationary token with an unlimited supply.

What can you do with Polkadot?

Hold Polkadot

Many people buy Polkadot for the profit expectations and to benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade Polkadot

Easily buy and sell DOT in our highly liquid marketplace. You can even use SmartTrade to swap your DOT for any other coin.

Participate In Polkadot Auctions

Projects who are aiming to become a parachain on the Polkadot ecosystem must win their respective auctions. Users can vote for the projects they like by delegating their DOT.

Stake Polkadot

Polkadot runs on a staking consensus mechanism. Holders can participate in network governance and earn rewards by staking their DOT.

Send Polkadot

As long as two people have DOT-compatible wallets they can transact easily with each other.

Learn More About Polkadot

Want to learn more about Polkadot? Check out our in-depth guides in the GetSmart Hub.

Steps to Buying Polkadot

Purchase Polkadot with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Polkadot with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy DOT.

Purchase Polkadot with Other Cryptos

Use SmartTrade to convert one of your other cryptos to DOT in one step. SmartTrade allows you to instantly buy and sell Polkadot and other cryptocurrencies.

Why Buy DOT
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

DOT Trading Now In Your Pocket

CoinSmart gives you on-the-go access to DOT and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk