How to Buy Polkadot (DOT) in Canada

How to Buy DOT in the USA

Polkadot (DOT) is a next-generation sharding multichain protocol that connects multiple blockchains into one unified network

BUY PRICE1 DOT = CAD $0.00

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SELL PRICE1 DOT = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Polkadot

Brief Intro

Polkadot was launched in 2016 by Gavin Wood, the former co-founder of Ethereum. The aim of Polkadot is to allow blockchains to communicate and be interoperable with each other, thus maximizing their capabilities. The project accomplishes this through parachains, which are project-specific customizable blockchains that feed into the main blockchain (the relay chain). DOT is Polkadot’s native token and serves three main purposes through staking for operations and security, bonding tokens to connect parachains, and facilitating network governance.

Polkadot Price

Buy Polkadot

DOT / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy Polkadot

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much DOT as you want with no slippage due to our deep liquidity.

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More About Polkadot

How Much DOT Can I Buy?

DOT, like other cryptocurrencies, is highly divisible. You can buy a whole DOT coin or fractions of it. When opting to buy DOT, a platform like Netcoins allows you to buy whatever dollar amount of DOT coins you’d like. Buying DOT in regular intervals (like days, weeks or months) is known as dollar-cost averaging and can be a great way to average the price you buy at. All of these options are available on Netcoins, Canada’s first publicly-owned, fully regulated cryptocurrency exchange.

Why Buy Polkadot (DOT)?

Designed for interoperability, Polkadot offers crypto projects an opportunity to work together and leverage one another. For security reasons, blockchains tend to operate independently from one another with minimal communication. Polkadot allows for trustless communication between blockchains, meaning that communication can be accomplished without relying on trust or compromise of security. An application of this would be platforms communicating to facilitate a cryptocurrency swap, showing a strong use case in the DeFi (Decentralized Finance) space. Polkadot has also implemented sharding, which allows them to break their blockchain into separate “shards” (or database partitions). When fully operational, this allows Polkadot to achieve 1 million transactions per second, resulting in reduced fees and faster transaction speeds.

What Sets Polkadot Apart?

Polkadot is different from traditional cryptocurrencies, which tend to operate individually. Their use of parachains set them apart from rival currencies like Bitcoin and Ethereum, whose blockchains operate independently and are considered closed-loop networks. Parachains (or parallel chains) operate on top of the Polkadot network and carry the benefits of the Polkadot network while maintaining independence through their unique tokens and specific use cases. The seamless ability to build on the Polkadot network and communicate with other blockch

How to Store Your Polkadot (DOT)?

You can buy DOT from crypto trading platforms, like Netcoins, and leave your DOT coins inside the platform. However, there are much safer options to storing your DOT as leaving them in exchanges can expose them to certain risks like hacking and theft. The safest option to keeping your DOT secure is to transfer them into a Polkadot wallet. A Polkadot wallet is a type of digital wallet that is used to send and receive DOT, similar to a Google wallet or a physical wallet.

Could Polkadot (DOT) Be a Good Investment?

Looking into 2022 and beyond, Polkadot is a project solving critical and prominent issues in the crypto market. Its emphasis on communication and scalability makes Polkadot one of the largest cryptocurrencies by market cap (the total value of all DOT tokens combined). Importantly, an investment in DOT is an investment in the future growth and success of the Polkadot network. That’s because Polkadot’s native token, DOT is used for facilitating network governance, bonding tokens to connect parachains, and staking, which relates to operations and security.

FAQs

WHY BUY DOT?

Designed for interoperability, Polkadot offers crypto projects an opportunity to work together and leverage one another. Given its reputable founder, unique value proposition, and solid track record, Polkadot is seen by some investors as an investment worth making.

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a member of FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy DOT in America.

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