Best exchanges to buy Polkadot

Share this!

What are the best exchanges to buy Polkadot(DOT)? This guide researches the project and comes with 7 reliable options to invest in.

Welcome to the ever-continuing story of decentralized networks and blockchains. For more than a decade now, since Bitcoin was being introduced to the market, blockchain technology is witnessing an impressive rise. Moreover, since Ethereum entered the market in 2015, by introducing decentralized smart contracts, the entire blockchain industry was taken to another level.

At the time of writing, at the start of a new decade, more than 5000 cryptocurrencies exist and the numbers are counting. How do you keep up to date with the latest developments in this highly competitive industry? This is a very legit question to ask and for an outsider, this could be a very tough job.

In this guide, I’m going to show you the best platforms in order to buy Polkadot cryptocurrency; one of the most innovative players in the global blockchain and cryptocurrency space.

7 Best Exchanges to Buy Polkadot(DOT)

In short, below is a consolidated list of options in the best platforms to buy Polkadot coins. For ease of use, I have chosen exchanges that are reliable, secure, and offer high liquidity.

  • Binance-(Best exchange for beginners👶)
  • Coinbase-(Best exchange for DOT ‘HODLERS’ 💎)
  • Kraken-(Best option for fiat-traders 💵)
  • Kucoin-(Best exchange for automated trading💻)
  • Bitfinex-(Best option for DOT whales🐋)
  • Okex-(Best exchange for buying with crypto ₿)
  • Bitpanda-(Best option for European traders🌍)
BinanceCoinbaseKraken exchangeBitfinex logo
Go hereGo hereGo here
KucoinOkexDeposit Euro With Bitpanda
Go hereGo hereGo here
7 reliable exchanges that offer to trade DOT

What is Polkadot Cryptocurrency?

First of all, the Polkadot network is much more than just a single cryptocurrency. Additionally, it’s a network that uses a smart contract protocol just like Ethereum. On their website the team of Polkadot states about their cryptocurrency:

‘Polkadot is a shared multichain network, which means it can process many transactions on different chains in parallel, eliminating the bottlenecks that existed on older networks that processed transactions one by one.’

In general, the Polkadot Network can co-exist besides Ethereum and functions as a bridge between other blockchain networks. In light of being a brand new protocol, many blockchain developers have already started building new projects on Polkadot.

Besides ‘techies’ trying and experimenting with this new technology, also many investors have jumped on the bandwagon. For example, Kelvin Koh member of The Spartan Group, says Polkadot has huge potential and is ready to challenge the top 3 of all cryptocurrencies in the world.

History behind Polkadot Cryptocurrency

Polkadot was launched with a mission to transform the internet into a better one called: Web3. Additionally, Web3 represents a fully decentralized web and is censorship-resistant. Polkadot will be the center of the future internet – digital world, internet of things, and web decentralization.

The Polkadot cryptocurrency made its birth out of an ICO sale back in 2017. At that time the ICO was very successful and within three days all tokens were sold where they raised $145 million in ETH. Furthermore, ICO investors were obligated to hold on to their DOT tokens for 2 years.

At the time of writing the total market cap of Polkadot cryptocurrency is $4 billion. As an illustration, an early ICO investor in 2017 should now make 30x on the investment while things are just getting started. Founders of this ambitious project are Gavin Wood, Robert Habermeier, and Peter Czaban.

What is the Web3 Foundation?

Founded by dr Gavin Wood, Web3 foundation makes it its primary mission to decentralize the current internet. Therefore, Web3 foundation wants to make the internet a safer and more private place for the common user. In addition, they want the user to be in control of their own data, identity, and destiny. Also, the Polkadot network is being used as its first flagship project.

Why do we need Polkadot Cryptocurrency?

First of all, Polkadot will make blockchain experimentation possible the same way Ethereum enables experimenting with dApps(decentralized applications). Polkadot is designed to facilitate faster innovation cycles, particularly when experimenting with new state transition functions. There are many trade-offs to consider when building a blockchain.

Furthermore, it’s clear from the number and diversity of the various Web3 projects that nobody has a framework that encompasses all chains. Polkadot is a vehicle that can get us to a general framework faster. All in all, Polkadot ‘connects the dots between different blockchains, and when one innovates all others might benefit from it.

What is the Safest Place to store Polkadot(DOT)?

In my opinion, if you really want to be safe from hackers or scammers, buying or trading Polkadot on platforms like Binance or Coinbase isn’t the best way. Additionally, you should also realize that you want to invest in Polkadot(DOT) for the long run.

If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.

Ledger Nano X
Example of Ledger Nano X

In particular, to get DOT tokens you can use one of the 7 exchanges mentioned above. Also, if you are a more advanced crypto user by knowing how to handle DeFi solutions like Uniswap or SushiSwap.

Finally, it is important to know that you must withdraw the Polkadot crypto to your public wallet address that points to your Ledger device. More info on installing the Ledger device for Polkadot can be found here.

Where to Buy Polkadot(DOT) in the US?

In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) Polkadot can be traded or bought on Coinbase and Kraken.

Best platforms to Buy Polkadot(DOT): Comparison

This comparison guide provides an overview of the best places to buy Polkadot(DOT) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.

PlatformMaker feesTaker feesRatingGuides
Binance trading guide
Kraken trading guide
Bitfinex trading guide
Coinbase vs Coinswitch
Kucoin trading guide
Okex trading guide
Bitpanda trading guide
* Maker and taker fees are dynamic and based upon 30 days volumes. The higher the volumes, the lower the rates

Cryptocurrency exchanges that offer Polkadot(DOT) trading

Next in this guide, I’ll deep dive into the different platforms that offer to trade in DOT cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!

Binance: Best exchange for crypto starters

Binance: place to buy Polkadot cryptocurrency

First, there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert, and expert in setting up trading systems.

In the past, he also founded BijieTech and was head of development at Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).

Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.

Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.

Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 🙂

DOT cryptocurrency trading pairs on Binance


>>Go to Binance here

Kraken: Best exchange for crypto/fiat trading

Kraken exchange

Another popular place to trade DOT is the Kraken exchange. Kraken is one of the most reliable and safest cryptocurrency exchanges out there and has been around for a while already.

Founded in 2011, Kraken is a US-based cryptocurrency trading platform available in 48 US states and 176 countries. Also, because of its safe reputation, the exchange data is being used as a ticker(BTC/USD) on the Bloomberg terminal.

The Kraken platform specializes in offering Bitcoin trading services for the beginner as well as the professional trader. Besides trading in digital assets, it’s also possible to store your crypto in custodian wallets, crypto lending services, and staking cryptocurrencies.

Spot trading a cryptocurrency like Polkadot(DOT) gives you a fee of 0.16% and this value decreases when USD volume rises. Additionally, margin trading is even cheaper where the rate is set to 0.01%.

DOT trading pairs on Kraken


>>Go to Kraken here

Bitfinex: Best option for Polkadot ‘Whales’

Bitfinex cryptocurrency exchange

Bitfinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.

This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.

Bitfinex is very popular among professional traders because of its high trading volumes and the possibility to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.

All in all, if you are an experienced trader and know how to use the interface(advanced orders or margin trading) properly. Try Bitfinex that is one of the best exchanges to buy Polkadot crypto for professionals.

Following are the supported pairs on Bitfinex exchange for Polkadot:

  • DOT/USDt

>>Go to Bitfinex here

Coinbase: Best exchange for DOT ‘HODLERS’


Next, there is Coinbase. Introduced in June 2012, Coinbase is one of the longest-running exchanges around today.

This reputable platform provides a wide range of crypto services trusted by millions of users across the globe. Among the long list of services this exchange provides, their brokerage service is arguably their strongest selling point to date.

Coinbase offers one of the easiest channels through which new users seeking to build a strong digital portfolio. For instance, customers can buy cryptocurrencies directly from their banks through bank transfers, debit/credit card transactions, as well as SEPA transfers.

Moreover, Coinbase makes buying and selling cryptocurrencies like DOT as easy as ordering a pack of pizza.

Also, if you are a Polkadot believer and think this project has a bright future ahead then Coinbase is a good platform to buy and hold DOT here. For instance, if you hold DOT in your wallet it automatically will earn staking rewards for you of approximately 5% APY 👍

Following are the supported pairs on Coinbase for Polkadot(DOT):


>>Go to Coinbase here

Kucoin: Best exchange for automated trading

KuCoin exchange

Compared with the centralized exchanges above, Kucoin is probably a modern platform for trading any cryptocurrency. This platform founded by a group of cryptocurrency enthusiasts from Asia aims to offer comfort and security of your mighty assets. Kucoin which was launched in May 2017, has its headquarters in China despite the difficult climate towards cryptocurrencies performed by the local government.

This difficult climate towards cryptocurrency exchanges doesn’t affect the business model of KuCoin much because they’re aiming at foreign markets. Back in 2013, the founders started with setting up the foundation by making a technical implementation of the trading platform.

Later on, in 2017, the founders finished this work and made the platform available for the public. As of writing the platform ranks at position 25 on the list of exchanges which is based on trading volume for the past 24 hours.

In general, spot trading cryptos can be done at a fee of 0.1%. Furthermore, it is also important to note that withdrawals from the platform can be done at zero fees.

Cryptocurrency trading pairs fro DOT on Kucoin


>>Go to Kucoin here

Okex: Best exchange for buying with crypto

Buy Polkadot crypto on Okex

Okex is a trading platform specialized in cryptocurrencies and has its headquarters in Beijing. Besides delivering service for Bitcoin exchanges and trades, the platform is also a payroller and lending app for retailers.

Particularly, Okex is part of the bigger Okcoin consortium specialized in online futures trading. In 2018, Okcoin migrated its futures platform with cryptocurrencies which resulted in the Okex platform. One of the big benefits of this Okcoin migration is that Okex has strong liquidity in BTC/USD and LTC/USD trading pairs.

OKEX a popular place to buy Polkadot

Okcoin maintains two leading entities, whereby one has its focus on the Chinese internal market. In addition, the other entity has a broader focus aimed at the global market and has its headquarters in Hong Kong.

Okex and Okcoin together are one of the bigger cryptocurrency exchanges in the world. For instance, if you take a look at their trading volume which exceeds 4.8 billion US dollars in just 24 hours.

Important: Sign up with this link and buy $100 in DOT. Additionally, you get $15 in DOT back when trading at Okex.

All in all, if you already own some crypto like BTC or ETH you can try OKEX. It’s one of the best exchanges to buy Polkadot with cryptos.

Polkadot(DOT) trading pairs on OKEX


>>Go to Okex here

Bitpanda: Best option for European traders

Bitpanda dashboard

Bitpanda GmbH (formerly known as Coinimal) is a fin-tech company based in Vienna, Austria. Furthermore, it specializes in selling and buying Bitcoins and other cryptocurrencies. As a result, it has quickly grown to become Europe’s leading retail broker for cryptocurrencies.

Particularly, with over 900K users the company has recently expanded its services to allow users to invest in precious metals (gold, silver) as well. Besides trading in commodities and cryptos, it’s also possible to trade popular tech stocks like Amazon(AMZN) and Tesla(TSLA).

Firstly, the company was founded in late 2014. In addition, it has since grown to become one of the more popular options to purchase cryptocurrencies like DOT around Europe. Moreover, if you live inside the EU it’s one of the cheapest ways to buy DOT with a credit card or SEPA transfer.

Finally, spot trading cryptos can be done at a fee of 0.1% and it is also important to note that withdrawals from the platform can be done at zero fees.

Polkadot(DOT) trading pairs at Bitpanda


Conclusion: Why Buy Polkadot(DOT)?

Finally, when you have decided to buy Polkadot crypto which in my opinion can be a solid buy if you are planning to hold long term. Additionally, the question remains why is Polkadot(DOT) a good buy?

Although this crypto project is relatively veteran(launched in 2017) they still keep up the good work. Below are a few good reasons to buy some Polkadot cryptocurrency:

  • They are trying to rebuild the web in a better-decentralized version
  • Better and faster deployment of Decentralized Applications(dApps)
  • Diversify your long-term investment strategy
  • You can stake DOT to begin earning more cryptocurrency

All in all, it’s up to you to decide if you want to buy and which platform to use for it. With this guide, I hope I have given you enough information to start researching the crypto markets and especially the Polkadot network.

📣Important: List of top Crypto Projects

🎁 Swapzone: Find the best crypto offer
🚀 Bitsgap: Best Automated Trading Bots
💲 Nexo: Reliable Crypto Lending Platform and get $25 free Bitcoin

***To be Profitable in the markets

Disclosure: This post could contain affiliate links. This means I may make a small commission if you make a purchase. This doesn’t cost you any more but it does help me to continue publishing cool and actual content about Bitcoin & Crypto – Thank you for your support!

Follow me
Latest posts by Jelmer Steenhuis (see all)