by Analytics Insight
January 13, 2022
Polkadot is a rising star in the cryptocurrency market that attracts many investors.
There is no doubt that the cryptocurrency world is growing at an amazing rate. What’s more, Polkadot is up 172% over the past year, and nearly 900% since its inception in mid-2020.
Don’t want to miss this opportunity? Then read our guide on how to buy Polkadot today! We’ll first cover the 5 best sites to invest in, then take a deeper look at Polkadot’s price and where it might be heading in the future.
Where to buy Polkadot Coin in 2022
Polkadot is a very popular cryptocurrency with a current market capitalization of just under $20 billion. It is available on the most popular cryptocurrency exchanges. To save you the hassle of searching, we have created a list of the 5 best brokers to buy Polkadot today:
- eToro – Pay zero commission when buying and trading Polkadot.
- Webul – Trade popular cryptocurrencies with a minimum of $1.
- Coinbase – Trade over 100 different cryptocurrencies.
- Binance – supports a whopping 500 coins.
- Kraken – Choose your account type depending on how you wish to invest.
Where to Buy Polkadot (DOT) – Top Exchanges Reviewed
We’ve taken a look at our top 5 sites to buy Polkadot at, let’s take a deeper look at each of them, so you can pick your favorite.
eToro – Best Overall Broker for Buying and Trading Polkadot
Our top broker pick is eToro. It’s a great choice for investors of all levels, and it has an intuitive interface and easy setup process. When you open a non-leveraged position with eToro, you will pay a 0% commission fee. Moreover, the platform gives you access to more than 2,000 financial assets and allows you to purchase cryptocurrency, including 30 cryptocurrencies. The platform is FCA regulated, which means that all deposits will be protected by the FSCS scheme.
What makes eToro stand out is that it supports social investing. This functionality allows investors to connect with more than 20 million other users in 140 countries. Furthermore, eToro sports a copy of the popular trader, allowing you to emulate some of the platform’s most performing wallets.
In terms of costs, eToro charges a $5 withdrawal fee and an inactivity fee of $10 if accounts are left unchanged for longer than 12 months. eToro makes most of its money from charging fixed spreads on trades.
Opening an account is quick and easy and can be done via the website or the app. Real trades can only be opened after the minimum deposit of $25 is met. This deposit can be added using many payment methods, for example, debit/credit card, bank transfer and e-wallet payments such as Paypal and Skrill.
- 0% commission
- Supports social trading and copying
- Access to more than 2,000 financial assets including 30 cryptocurrencies
- Licensed by FCA
- Not good for technical analysis
- Inactivity fee
Buy Polkadot from eToro.
Crypto assets are a highly volatile and unregulated investment product. There is no investor protection in the UK or the EU.
Our second broker choice is Webul. It is also a great option for investors looking to buy Polkadot. Similar to eToro, it does not charge any commission on all cryptocurrency trades. This makes it very valuable for the financial broker to trade with.
In addition, there is no minimum deposit for investment. This means that if you wish, you can invest only $1 in your favorite crypto/financial assets. However, this may not be the smartest investment strategy, as the returns are likely to be very small!
Although it does not apply to cryptocurrencies (as the markets are open 24/7), Webull offers extensive market trading. In addition to that, it also allows users to choose different accounts based on different investment strategies.
- Zero commission
- No minimum deposit
- personal accounts
- Limited product portfolio.
Buy Polkadot at Webull.
Your capital is at risk.
Coinbase is an excellent option for users who are looking to learn about multiple digital assets/currencies. This is because it gives users access to more than 100 different cryptocurrencies. What’s more, it’s free and easy to download on IOS, Android and desktop.
Creating an account is easy – just enter a username and password. At this point, Coinbase will give you the crypto wallet recovery key. It is important that you write this down/remember it as if at any point your account gets locked this is what you will need to access your funds again.
One of the drawbacks of Coinbase is that it charges a very large 1.49% commission. For comparison, both eToro and Webull do not charge a commission.
- Access to more than 100 cryptocurrencies
- Easy to use platform
- great safety
- high fees
- bad customer service
Buy Polkadot from Coinbase.
Your capital is at risk.
Our fourth pick is Binance. Binance is the largest crypto exchange, with impressive access to more than 500 crypto pairs. It is easy to use, but it also provides more advanced tools for analyzing the markets and thus can be a good choice for more experienced investors.
You can easily create an account online or via the smartphone app. All you have to do is provide a username and password to get started. Furthermore, Binance offers 24/7 customer support if anything goes wrong with your account.
- Access to more than 500 cryptocurrencies
- Good for advanced analysis
Buy Polkadot on Binance.
Your capital is at risk.
legendary sea monster
Our final choice is the broker Kraken. You can create an account in minutes, and the platform only requires a minimum deposit of $10. It is great for novice investors as the site is easy to navigate and offers tips for novice investors.
What’s great about Kraken is that it also offers enterprise level solutions to clients. They also offer a relatively low fee of 0.26% per trade.
- Easy to use platform
- Only $10 minimum deposit
- Provides guides for beginners in trading
What is Polkadot Crypto Program?
Polkadot crypto is a network protocol that allows data to be transmitted over blockchains. What distinguishes Polkadot from others is the fact that it can transfer this data via public and open blockchains as well as private and licensed ones as well.
Putting this into practice, the school’s academic records chain can send proof of a smart contract to verify the degree on the public chain. So Polkadot has some real-world benefits that could significantly increase its popularity and usage in the coming years.
Should I buy Polkadot?
As mentioned above, since Polkadots are used in the real world, buying Polkadot at the current price could be a great move. This sets it aside from many other coins. For example, the famous Dogecoin does not generate any benefit other than its trading.
Polkadot was also ranked as the 7th most popular cryptocurrency on Coinbase, with a circulation of £1.5 billion over a 24 hour period. This highlights the large number of investors who are already trading in the currency.
However, one of the risks of buying Polkadot is that it exposes you to the very volatile crypto market. Coins often experience double-digit fluctuations on a daily basis. For example, Polkadot is down 13% in the past 24 hours. This is a risk investor to be aware of before buying Polkadot.
Polkadot . price
The current price for Polkadot is £19.24. As mentioned, this has fallen by 13% in the past 24 hours, highlighting the volatile cryptocurrency market. However, over the past year, Polkadot has gone up a whopping 158%, and since its inception in 2020, it has gone up over 840%.
Polkadot Price Prediction
It is not easy to predict the price of any asset, let alone cryptocurrency. However, when considering coins like Polkadot that yield real-world interest, it’s clear that they have a bright future, especially given the decentralized world we seem to be heading towards.
However, one of the risks to the price of Polkadot is the fact that it moves very closely with the price of Bitcoin. For example, in the past 24 hours, the price of bitcoin has fallen by 8% and the stock of Polkadot has fallen by 13%. If Bitcoin continues this negative movement, it could lead to Polkadot going lower with it. So if you are looking to buy Bitcoin or Polkadot, you should wait and see the price settle down a bit.
How to Buy Polkadot (DOT) in 2022 – Tutorial
We will now take a step-by-step look at how to buy Polkadot using our eToro partner broker.
First Step: Create an account
Simply visit the eToro homepage and click the Register button. You must then enter some personal details to set up your account.
Step 2: Verify your account
To add funds, you must verify your account. Simply provide a valid UK driving license and proof of address and eToro will verify your identity within minutes.
Step 3: Make a deposit
The next step is to add funds to your account. You can use the above payment methods to do this quickly and easily.
Step 4: Find Polkadot
Finally, go to the eToro search bar, and enter Polkadot. Then click the “Trade” button and add it to your portfolio.
With the rapid growth of the crypto market, now could be a great time to invest. Polkadot offers an opportunity to gain a share in this market while retaining some real-world facilities.
If you decide that you want to buy Polkadot, we recommend using our partner broker eToro. It is commission free and regulated by the Financial Conduct Authority (FCA) to ensure cheap and safe trading.
Buy Polkadot on eToro now.
Crypto assets are a highly volatile and unregulated investment product. There is no investor protection in the UK or the EU. Your capital is at risk. In addition, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can take a high risk of losing your money.
questions and answers
What is Polkadot Crypto?
Polkadot crypto is a popular currency that brings the benefit of blockchain in the real world.
Where can I buy Polkadot?
You can buy Polkadot from the most popular exchanges, for example, eToro, Coinbase, Binance, Kraken and Webull.
Can I buy Polkadot on coinbase?
Yes, Polkadot is available for purchase on Coinbase.
How much does it cost to buy Polkadot?
The current price of Polkadot is £19.24, however, any amount can be invested.
Is Polkadot a good investment?
Many argue that Polkadot’s real-world utility makes it a great investment.