Polkadot is a promising cryptocurrency project that allows competing blockchain networks – such as Bitcoin and Ethereum, to communicate with one another.

Known as ‘interoperability’, this innovative solution to the short fallings of legacy blockchains is one of the main reasons why many investors are now looking to gain exposure to Polkadot.

In this guide, you will learn how to buy Polkadot coin from the safety of your home via an SEC-regulated brokerage site.

How to Buy Polkadot – Quick Steps

Ever wondered if you can buy cryptocurrency from your very own mobile device? You can buy Polkadot coin in a matter of minutes when using a simple and cost-effective cryptocurrency broker like eToro.

For a quickfire walkthrough of the required 5-step process, follow the tutorial below.

  • Step 1: Open an eToro Account
    You will first need to register a brokerage account with eToro by entering your name, date of birth, email address, and any other information required by the platform.
  • 💳 Step 2: Deposit Funds
    Next, select your preferred deposit method from a debit or credit card, e-wallet, or bank transfer. A minimum deposit of $10 is required and no fees apply (USD only).
  • 🔎 Step 3: Search for Polkadot Coin
    To find Polkadot on the eToro website, enter ‘DOT’ and click on ‘Trade’.
  • 🛒 Step 4: Buy Polkadot Coin 
    From just $10, enter the size of your investment. Click on the ‘Open Trade’ button to confirm your Polkadot coin purchase.

In the subsequent sections of this guide on how to buy Polkadot coin, we offer a more detailed walkthrough.

Where to Buy Polkadot Coin

When selecting the best crypto exchange to buy Polkadot, be sure to explore what fees apply and which payment methods are supported. Safety should also be a major priority, so ideally – your chosen platform will be a regulated entity.

If you’re still not sure where to buy Polkadot coin today – consider the brokers reviewed below.

1. eToro – Overall Best Place to Buy Polkadot Coin in 2023

etoro review

We found that the best place to buy Polkadot coin right now is the SEC-regulated and FINRA-registered broker eToro. This platform not only offers a safe and secure environment to invest in Polkadot but also one of the most cost-effective pricing structures in this industry. For example, at eToro, US clients will not need to pay any fees to deposit funds with a debit or credit card. Over at Coinbase, this would cost you almost 4%.

Moreover, when you buy and sell cryptocurrencies on this platform, you will do so on a spread-only basis. This starts at 0.75% when you buy Bitcoin, but can increase outside of standard market hours. US clients are also treated to fee-free withdrawals and you will not need to pay any storage costs to hold Polkadot coins in your eToro portfolio. In total, eToro gives you access to more than 40 other digital tokens, which include a wide variety of projects and blockchain networks.

etoro review

For instance, you can trade everything from Solana, EOS and Cardano to Bitcoin, Binance Coin and Dogecoin. You can also trade passively on the eToro platform – which will suit time-starved investors that do not want to actively research the markets. The copy trading features, for example, allows you to copy the buy and sell orders of an eToro user. You can also invest in Smart Portfolios that are managed on your behalf. One such example enables you to invest in a basket of different cryptocurrencies at different weights. You’ll also be pleased to learn that eToro offers one of the best crypto wallets on the market. This means you can store several supported cryptos in a secure and convenient place.

Another popular feature of the eToro platform is that you can also access your investment account via a mobile app. This is offered for free across both the App Store and Google Play, and the app is perfect for newbies. eToro also offers educational materials aimed at beginners, alongside a free demo trading facility that comes pre-loaded with $100,000 in paper funds. Finally, eToro also supports a large selection of US and foreign stocks and ETFs – as well as forex, indices, and commodities.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com – Simple Place to Buy Polkadot Coin With a Debit Card

crypto.com logo

Next up we have Crypto.com – which is a popular digital asset exchange and broker that facilitates huge trading volumes. In addition to Polkadot, you can buy and sell more than 250+ different tokens. You can open an account at Crypto.com in less than two minutes before uploading a copy of your ID to get verified. Then, you can proceed to invest in Polkadot coin with a debit card in real-time.

In terms of fees, new customers can deposit funds with a debit card for free during the first 30 days. After that, you will pay a standard transaction commission of 2.99%. Crypto.com also supports ACH deposits, but, depending on your financial institution, this can take up to five days to arrive. Nevertheless, when using Crypto.com to buy Polkadot coin, you also need to factor in trading commissions.

Crypto.com review

The platform operates a maker/taker model, albeit, if you are a casual trader, you will pay a commission of 0.4%. To reduce this fee, you will need to trade at least $25,000 within a 30-day period. In terms of user-friendliness, both the Crypto.com website and mobile app are easy to navigate. In addition to exchange services, Crypto.com also allows you to order a Visa-issued debit card, and even earn interest on your investments via a dedicated savings account.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Coinbase – User-Friendly Way to Buy Polkadot Coin Today 

coinbase logo

Perhaps the best place to buy Polkadot coin if you have no experience of investing in digital assets is Coinbase. First and foremost, Coinbase is not only highly established and regulated in the US, but it has since become a tradable stock on the NASDAQ. Moreover, security tools here are first-class, not least because of IP and device whitelisting, two-factor authentication, and KYC procedures.

Furthermore, just 2% of client digital funds are kept in hot wallets, while the balance is stored offline at all times for enhanced safety. In terms of how to buy DOT at Coinbase, you choose to fund your investment via ACH, Paypal, or debit/credit card payment. If opting for ACH, the total fee payable – which includes the DOT/USD trading commission, amounts to 1.49%. Furthermore, this payment option can take a few days to process.

coinbase platform screenshot

Alternatively, if you want to buy Polkadot coin instantly, you can opt for a debit/credit card or Paypal. The main problem with these payment options is that a fee of 3.99% applies. You also need to factor in the spread at Coinbase, which is the gap between the quote and the market price of Polkadot. Moving onto mobile usage, Coinbase offers a popular app on both Android and iOS. You can also download the Coinbase wallet to your smartphone for non-custodial storage.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Binance – Buy Polkadot Coin With Crypto at Just 0.10% Per Slide 

binance logo

Some investors will look to perform a crypto-to-crypto when buying Polkadot. This means that you will look to swap a digital token that you already own for Polkadot via a cryptocurrency exchange. Perhaps the best exchange for this purpose is Binance – which offers industry-leading fees of just 0.10% per trade. In fact, a 25% reduction on this fee is available should you hold BNB tokens.

You will be able to deposit your chosen digital asset into Binance without paying any fees. And, although limits apple, no KYC documents are required if you stick with crypto deposits and withdrawals. Otherwise, you will need to provide some personal information alongside a copy of your ID. If you do verify your account, you can also buy Polkadot coins with a debit or credit card. With that said, Binance is even more expensive than Coinbase in this department at 4.5% per deposit, plus a 0.5% trading fee.

binance platform screenshot

We do, however, like Binance for the range of tools and features that it offers. For instance, by selecting the advanced Binance exchange platform, you will have access to TradingView charts, technical indicators, and custom order types. Savings accounts are also available for a variety of crypto tokens, as well as the Binance debit card. The latter not only allows you to withdraw cash from an ATM, but you can spend your crypto investments online and in-store.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Polkadot? 

Launched in 2020, Polkadot is a relatively new cryptocurrency and blockchain technology project. In its most basic form – the Polkadot network has one overarching objective – blockchain interoperability.

For those in the dark, interoperability is the process of allowing two or more competing blockchain networks to communicate with each other.

What is Polkadot?

As a simplistic example, this might include Ethereum transactions appearing on the Bitcoin network, or data changing hands between Dogecoin and EOS.

Like all digital currencies, Polkadot trades on public exchanges – and its value will rise or fall depending on market forces. As such, when you buy Polkadot coin for your portfolio, you are speculating that its value will increase.

Is Polkadot a Good Investment?

Whether or not Polkadot is a good investment will depend on a variety of factors.

For instance, how does the Polkadot technology compare to other blockchain projects in this industry – and what roadmap targets does the digital asset have planned over the coming months or years.

Moreover, you also need to think about your own financial goals and risk tolerance and how this aligns with a Polkadot investment.

If you’re still sitting on the fence, the sections below discuss some of the bullish arguments of why you might decide to buy Polkadot coin today.

Polkadot Token Price History 

A good starting point when evaluating a cryptocurrency investment is the historical price action of the respective coin. In the case of Polkadot, the digital asset first traded on public exchanges in August 2020 – at an average listing price of just under $3 per token.

It didn’t take long for early Polkadot investors to see significant returns on their initial capital outlay. In fact, just a year later, Polkadot hit highs of over $55 per token. When compared to its original listing price of $3, this translates into growth of over 1,700% in just 12 months.

Since the crypto asset peaked in mid-2021, Polkadot has been stuck in a downward trajectory. As of writing, the digital token is now trading for less than $20.

Target New All-Time High 

Buy Polkadot on eToro

In terms of current pricing levels of sub-$20 at the time of writing, this offers a couple of core benefits. First and foremost, instead of paying $55 per token, you can get yourself a huge discount of over 65%. As such, this represents a much more favorable entry price for new investors.

Second, a very reasonable short-to-medium term target could be the previous all-time high of $55. For instance, from an entry price of $20, this would allow you to target an upside of 175%.

Huge Market of Customers 

As mentioned earlier, the primary selling point of the Polkadot network is that it permits blockchain interoperability. In other words, if a user needs to share data across two different blockchains, the underlying Polkadot framework permits. And as such, the Polkadot technology is potentially suitable for all individual networks in this industry.


Another huge benefit that you will find when you buy Polkadot coin is that you can engage in crypto staking.

  • For those unaware, staking refers to the process of contributing to the respective blockchain network by locking your digital tokens away for a certain period of time.
  • In doing so, this allows the blockchain to validate transactions in a decentralized manner.
  • In return for staking your Polkadot tokens with a suitable validator, you will have the opportunity to earn interest.

As of writing, the average annual rate on offer is 10%. And of course, you will still benefit from capital gains should the value of Polkadot increase while your tokens are being staked.

Blockchain Speed, Cost, and Efficiency   

In terms of efficiency, Polkadot is a top-performing blockchain. For instance, as of writing, Polkadot notes that its network can handle up to 1,000 transactions every second.

In comparison, Bitcoin and Ethereum can handle an average of 7 and 15 transactions per second. In fact, the team behind Polkadot is working on increasing this throughput to over 100,000 transactions per second.

Furthermore, the Polkadot network allows users from all over the world to send and receive tokens without incurring any transaction fees.

Polkadot Price

Another noted above, Polkadot was initially launched onto public exchanges at just below $3 and the digital token has since hit highs of $55.

This price action is determined by how many buyers and sellers are in the market at any given time – and at what ratio split. For instance, when sentiment surrounding the wider digital currency marketplace is positive, then expect more people to buy Polkadot coin from an investment perspective.

Polkadot Price

At the other end of the scale, when the markets are bearish, you will likely see more selling pressure. Other factors can also impact the Polkadot price too – such as good or bad news surrounding the project, and any notable partnerships that are announced.

The good news is that when you buy Polkadot coins via a user-friendly broker like eToro, you don’t need to keep checking prices from an external website. On the contrary, eToro will let you know how much your Polkadot investment is worth in dollar amounts 24/7.

Polkadot Price Prediction

If you’re attempting to figure out how high or low this digital asset might go in the subsequent weeks or months, then we would suggest that you avoid searching the internet for Polkadot price predictions.

This is for several key reasons:

  • First, there is simply no way of knowing how credible a specific Polkadot price prediction is, especially in terms of what processes were used to obtain the forecast.
  • Second, while on any given day you might come across a Polkadot price prediction that is bullish, an equal number of bearish forecasts will likely be in circulation.
  • Finally, and perhaps most pertinently, the broader cryptocurrency markets are simply too irrational and speculative for Polkadot price predictions to be taken with any confidence.

So, consider doing your own research when attempting to evaluate which direction the value of Polkadot might go.

Ways of Buying Polkadot

The best ways to buy Polkadot are discussed below – in terms of how to pay for your DOT tokens:

Buy Polkadot With Credit Card or Debit Card

Wondering how to buy Polkadot coin with a credit or debit card? If so, all of the platforms that we reviewed today – namely eToro, Crypto.com, Binance, and Coinbase – support this payment method.

Although the aforementioned platforms are the same in terms of requiring you to upload some ID – as well as supporting instant payments, it is fees that will vary from across each provider.

For example:

  • Coinbase charges 3.99%
  • Binance charges 4.5%, plus 0.5%
  • Crypto.com charges 2.99% after 30 days of opening an account
  • eToro charges 0% on USD deposits

As you can see from the above, depending on your chosen platform, you can pay anywhere between 0% and 4% when choosing to buy Polkadot with a credit or debit card.

Buy Polkadot With Paypal

You can also buy Polkadot coin with Paypal on a select number of cryptocurrency platforms – such as eToro. Once again, you will pay no transaction fees at eToro – which is also the case for other e-wallets like Neteller and Skrill.

Best Polkadot Wallet

As a crypto asset, Polkadot tokens are stored in wallets. You have a variety of wallet types to choose from – such as those that come in the form of a mobile app, hardware device, or desktop software.

The most important thing to keep in mind is that most Polkadot wallets are non-custodial. This means that should your wallet become compromised or you lose your private keys, you will have nowhere to turn.

best polkadot wallet

This is why you might consider a custodial Polkadot wallet if you are new to the crypto space. A good example here is the eToro Crypto Money Wallet, which you can download onto your smartphone.

Then, once you transfer the Polkadot tokens over, eToro will be responsible for keeping your investment safe. Moreover, and perhaps most importantly, eToro offers a recovery service in the event you forget your wallet password.

How to Buy Polkadot Crypto – Tutorial

This segment of our beginner’s guide will show you how to invest in Polkadot coin via eToro. In choosing this broker, you’ll benefit from a user-friendly and regulated environment, alongside a small $10 minimum investment requirements and super-low fees.

Step 1: Open an eToro Crypto Account 

First, you need to head over to the eToro website and look out for the ‘Join Now’ button. A registration box will then appear, which you need to fill out. This simply requires some basic information – such as your name and contact details.

etoro review

After clicking on ‘Create Account’ you will then be asked to provide some additional personal data, such as your date of birth and home address.   

Step 2: Upload ID

As part of the anti-money laundering compliance, eToro is mandated to verify the identity of all registered users. This can be completed in less than two minutes by uploading a copy of your ID and proof of address.

Step 3: Deposit Funds

Before you can buy Polkadot coin, you need to deposit at least $10. The fastest deposit method supported by eToro is a debit/credit card. E-wallets are also processed near-instantly.

buy dogecoin at etoro

All supported payment methods – when funded in USD, are fee-free.

Step 4: Search for Polkadot Coin

Now you can head over to the Polkadot trading page.

buy polkadot on etoro

To keep things fast and simple, enter ‘Polkadot’ into the search box. When the correct result appears like in the example above, click ‘Trade’.

Step 5: Buy Polkadot Coin 

The final step is to fill out an order form. By default, you will be placing a ‘market’ order, which means that eToro will allow you to buy Polkadot instantly at the next best available price.

buy polkadot on etoro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

As such, it’s just a case of entering the amount of capital you wish to risk on this trade. Once again, at eToro, you can invest any amount from $10. Once you are happy to confirm the order, click on ‘Open Trade’.

Now you can click on the ‘Portfolio’ button to view your newly purchased DOT tokens.

How to Sell Polkadot Coin

Once you have completed your Polkadot investment, the tokens will remain in your eToro web wallet. There are no storage charges applicable, so you can hold long-term without needing to worry about fees eating into your potential gains.

When you are ready to sell Polkadot back to US dollars, you can do this by:

  • Going back to your eToro portfolio
  • Looking for Polkadot
  • Clicking on the ‘Cog’ logo next to Polkadot, followed by ‘Close’

Once you confirm that you are happy to sell your DOT tokens, eToro will execute the trade instantly.

Within a few seconds, you should then see the cash added to your main account balance – which you can withdraw once you have verified your identity.


Learning how to buy Polkadot is a fairly simple process. It’s just a case of opening a suitable cryptocurrency brokerage account, depositing some funds, and completing your purchase.

In terms of where to buy Polkadot coin safely and cost-effectively, we found that eToro is the best provider in this space. In addition to an SEC-regulated status and super-low fees – you only need to invest $10 into Polkadot.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Frequently Asked Questions When Buying Polkadot

Where can I buy Polkadot coin?

How do I buy Polkadot?

Should I buy Polkadot coin?

What is the best way to buy Polkadot?

Why can’t I buy Polkadot on Coinbase?

How do I buy and store Polkadot?

Is Polkadot on Binance?

Is Polkadot on eToro?

Is Polkadot on Coinbase?

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