Buy Polkadot (DOT)

Polkadot is a groundbreaking cryptocurrency project that aims to revolutionize the blockchain ecosystem by enabling interoperability and scalability between different blockchains. Launched in 2020, Polkadot was founded by Gavin Wood, one of the co-founders of Ethereum, with the vision of creating a multi-chain network that allows different blockchains to communicate and share information seamlessly. The core concept behind Polkadot is to establish a heterogeneous multi-chain framework called a "relay chain," which serves as the main security hub for the entire network.

Polkadot utilizes a unique technology called "parachains" to connect various blockchains to the relay chain. Parachains are independent blockchains that run in parallel to the relay chain but can still benefit from its security and scalability features. These parachains can be designed for specific purposes and cater to different applications, ensuring flexibility and customization within the Polkadot network. Additionally, Polkadot employs a sophisticated consensus mechanism called "shared security," where the relay chain's validators are responsible for securing the parachains and validating their transactions. This mechanism enhances security and reduces the need for separate validators for each individual chain. Moreover, Polkadot introduces a governance system that allows token holders to participate in decision-making processes and influence the future development of the network. This governance model fosters decentralization and ensures that the network can evolve based on the consensus of its participants. Overall, Polkadot's innovative approach to interoperability, scalability, and governance positions it as a promising cryptocurrency project with significant potential to reshape the blockchain landscape.

Follow the steps below to easily and securely buy Polkadot.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Polkadot and securely store it on our platform.

You can securely store your Polkadot in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Polkadot. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Polkadot with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Polkadot with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Polkadot through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Polkadot is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Polkadot involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Polkadot, it is important to understand the risks.

Volatility: The price of Polkadot can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Polkadot is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Polkadot through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Polkadot or other cryptocurrencies anonymously on a regulated crypto platform in Europe.