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Where and How to Buy Polkadot (DOT) in 2022?

May 27, 2022

Where to Buy Polkadot?

If you’re wondering where can I buy Polkadot crypto? you should know that crypto exchanges that support this coin are the right place.

Of course, once traders and investors enter the crypto space, they realize that buying cryptocurrencies is not the only type of transaction they can make and might want to benefit from more functionalities.

Freewallet doesn’t only answer the question where can I buy Polkadot coin?, but also offers you a platform where you can easily manage DOT thanks to the personal dashboard it provides to each user.

To get access to this dashboard users just need to create an account: only the essential personal details have to be shared, and it’s the step that precedes the creation of a pin. This 4-digit code can be used to log in even more easily.

From the personal dashboard, users can buy Polkadot by following these steps:

Select “Buy with a card”;
Select Moonpay;
Then, you need to locate Polkadot (DOT);
Now you can select the amount – which includes fees – and the currency you want to use;
You can verify the details of your transaction when you click on “Buy DOT”;
Now, you’ll be redirected to the website of the payment partner: you need to accept their terms of use and policies before completing the transaction with your card.

These are the steps you need to follow, but Freewallet allows you to complete them also via the mobile app it provides: Freewallet multi-currency wallet can be downloaded on iOS and Android devices.

There are also other types of transactions you can make on Freewallet – let’s see them in detail.

How to Buy Polkadot in the US

US citizens can easily buy Polkadot (DOT) in the USA by using an exchange. Since the US is a country where the regulatory framework concerning cryptocurrencies is still under development, it’s better to use exchanges that are fully compliant with the regulations of the country.

Freewallet also allows users from the US to buy DOT with its partners – just follow the steps we are listing in this article.

We recommend reading the FAQs to have more detailed info on how to buy DOT if you’re from the United States.

Exchange Polkadot for Bitcoin and any cryptocurrency

Freewallet supports over 100 cryptocurrencies. Each crypto can be easily managed by using the appropriate wallet – if you can’t find it, you can add it to your personal dashboard.

The same works with Polkadot. You can add a Polkadot wallet to your Freewallet dashboard, to make it more accessible to manage your funds and exchange your DOT for other cryptos. The wallet will, of course, provide you with a public address you can use to receive DOT.

How to Make a Polkadot Exchange?

Adding a Polkadot (DOT) wallet to your portfolio simplifies the way you can manage your funds.

This implies that you can also exchange your DOT, receive coins thanks to the public address linked to your wallet, and use your funds to buy goods – as we will see in a while.

Making an exchange is straightforward. From your dashboard, just select the option “Exchange coins”. You can select DOT and the crypto you want to receive, choose the amount, check the details of your transaction, and complete it.

This gives you the possibility to follow your trading strategies and diversify your portfolio. As long as you have funds, you can make exchanges using all the supported cryptos. It’s worth noting that Freewallet users can make transactions – send and receive cryptos – among them and no fees will be charged.

How to Sell Polkadot

Freewallet doesn’t give you the possibility to directly cash out to your bank account. Instead, it gives you the possibility to use your crypto funds in countless ways.

Freewallet included an innovative feature that makes it possible to buy goods around the world with your crypto funds.

The “Buy Gift card” feature is a useful way to use your cryptos to purchase products and services from 800+ brands.

When you go to your dashboard and click “Buy Gift card”, Freewallet will automatically identify your country and allow you to see only the gift cards available in your country.

Otherwise, you can see all the gift cards offered. There are hundreds of gift cards on the platform, so there are many filters you can use to navigate all available options: you can choose to sort the gift cards by country, popularity, and choose how many gift cards should be shown on each page.

This Freewallet feature is an interesting way to make it possible for you to use cryptos as you would do with your fiat.

As part of Freewallet efforts to favor the wider use of cryptocurrencies, many are the partners involved. Just to mention some of them, you can find Amazon, Apple, Domino’s, Walmart, and Google Play.

Moreover, you can choose among cards with values that range from $1 to $1000.

What is Polkadot (DOT)?

Polkadot is a protocol built to facilitate the development and adoption of Web 3.

The protocol is open-source, created by one of the co-founders of Ethereum – Dr. Gavin Wood, Peter Czaban, and Robert Habermeier.

The protocol was created thanks to the Web3 Foundation, a Swiss organization that focuses on wider adoption of a decentralized and inclusive web.

The organization always supports developers and the creation of new projects: its grants fund innovative projects that can further improve the decentralized space, independently of the size of the project. Since any info related to Polkadot is publicly available, you can easily check grants recipients and how they work.

In particular, Polkadot allows for interoperability among different chains, and it’s fully managed by the community – also thanks to the native token of the protocol, DOT.

Is Polkadot a Good Investment?

We often say that no one can tell with certainty what’s the future of an investment and that the best thing that traders and investors can do is to evaluate the asset from an objective point of view to see if it meets their needs.

Polkadot (DOT) is the native token of the Polkadot protocol, and it has different functions:

It can be used to make transactions and investments;
It can be used to be a part of the Polkadot community and obtain voting rights;
It favors interoperability and the transfer of data and tokens.

This cryptocurrency works according to a proof-of-stake (PoS) consensus mechanism: holders can earn DOT just for staking their Polkadot funds, further incentivizing long-term investments and the reduction of supply. This is a good point for those who look for assets that can increase their prices over time.

This works even if this token doesn’t have a maximum supply – the total supply of the coin is set at 1,103,303,471 DOT.

DOT/USD price chart. Source: CoinMarketCap.

Conclusion

To answer the question where can I buy Polkadot? you should have a deeper knowledge about this coin first.

We prepared this article to give you detailed information about the native coin of the Polkadot Network and some suggestions on how to manage and get it with Freewallet.

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