The place to Purchase Polkadot Cash in 2022 – Analytics Perception

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from Analytics Insight
January 13, 2022

Polkadot is a rising star in the crypto market that is attracting multiple investors.

There is no doubt that the cryptocurrency universe is growing amazingly fast. Additionally, polkadot is up 172% last year and nearly 900% since it was launched in mid-2020.

You don’t want to miss this opportunity? Then check out our guide to buying polkadot today! We’ll cover the top 5 websites to invest in first, and then we’ll take a deeper dive into the price of Polkadot and how it will evolve in the future.

Speckle

Where to Buy Polkadot Coins 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 crypto exchanges. To save you the hassle of researching, we’ve put together a top 5 broker list you can use to buy Polkadot today:

  1. eToro – Pay no commission on buying and trading Polkadot.
  1. Webull – Trade popular cryptos with a minimum price of USD 1.
  2. Coinbase – Trade over 100 different cryptocurrencies.
  3. Binance – Supports a whopping 500 coins.
  4. Kraken – Choose your account type based on how you want to invest.

Where can you buy Polkadot (DOT) – top exchanges put to the test

Now we’ve looked at our top 5 sites to buy Polkadot. Let’s dive deeper into each one so you can choose your favorite.

eToro – the best overall broker for buying and trading Polkadot

Our top broker pick is eToro. It’s a great option for investors of all levels as it has a user-friendly interface and easy set-up process. When you open a position with no leverage on eToro, you pay 0% commission. In addition, the platform gives you access to over 2000 financial assets and enables you to purchase crypto currencies, including 30 crypto currencies. The platform is FCA regulated, which means that all deposits are protected by the FSCS program.

The great thing about eToro is that it supports social investment. This feature enables investors to connect with over 20 million other users in 140 countries. Additionally, eToro has the popular Copy Trader that allows you to mirror some of the platform’s top performing portfolios.

In terms of cost, eToro charges a withdrawal fee of $ 5 and an inactivity fee of $ 10 if accounts are left untouched for more than 12 months. eToro makes most of its money calculating fixed spreads on trades.

Opening an account is quick and easy and can be done through the website or the app. Real positions cannot be opened until the minimum deposit of $ 25 has been reached. This deposit can be added using a variety of payment methods such as debit / credit card, bank transfer, and e-wallet payments such as PayPal and Skrill.

Benefits:

  • 0% commission
  • Supports social and copy trading
  • Access to over 2000 financial assets including 30 cryptos
  • FCA regulated

Disadvantage:

  • Not ideal for technical analysis
  • Inactivity fee

Buy Polkadot on eToro.

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

Webul

Our second broker pick is Webull. It’s also a great option for investors looking to buy polkadot. Similar to eToro, it doesn’t charge any commission on all cryptocurrency trades. This makes it a good value for money broker to trade with.

In addition, there is no minimum deposit required for the investment. This means that if you want, you can only invest $ 1 in your preferred crypto / financial asset. However, this may not be the smartest investment strategy as the returns would likely be very low!

While this doesn’t apply to cryptocurrencies (as the markets are open 24/7), Webull does offer advanced market trading. In addition, it enables users to select different accounts based on different investment strategies.

Benefits:

  • No provision
  • No minimum deposit
  • Personalized accounts

Disadvantage:

  • Limited product portfolio.

Buy polkadot from Webull.

Your capital is at risk.

Coinbase

Coinbase is an excellent choice for users looking to grapple with multiple crypto assets / coins. This is because users have access to over 100 different cryptocurrencies. What’s more, it’s free and easy to download on IOS, Android, and desktop.

Setting up an account is easy – just enter a username and password. At this point Coinbase will give you a recovery key for the crypto wallet. It is important that you write this down / remember as if you were ever locked out of your account. This is what you need to get back to your money.

One downside to Coinbase is that it takes a pretty high commission of 1.49%. For comparison: neither eToro nor Webull charge any commission.

Benefits:

  • Access to over 100 cryptocurrencies
  • Easy to use platform
  • Great security

Disadvantage:

  • High fees
  • Bad customer service

Buy Polkadot at Coinbase.

Your capital is at risk.

Binance

Our fourth choice is Binance. Binance is the largest crypto exchange with impressive access to over 500 crypto pairs. It’s easy to use, but it also offers more advanced tools for analyzing markets, so it might be a good choice for experienced investors.

You can easily set up an account online or via the smartphone app. All you have to do is provide a username and password to get started. In addition, Binance offers 24/7 customer support in case something ever goes wrong with your account.

Benefits:

  • Access to over 500 cryptocurrencies
  • Good for advanced analysis

Disadvantage:

Buy Polkadot at Binance.

Your capital is at risk.

octopus

Our final pick is the Kraken broker. You can set up an account in minutes, and the platform only required a minimum deposit of $ 10. It’s great for beginners as the website is easy to navigate and offers advice for inexperienced investors.

The cool thing about Kraken is that it also offers solutions on an institutional level for clients. It also offers relatively low fees of up to 0.26% per trade.

Benefits:

  • Easy to use platform
  • Only $ 10 minimum deposit
  • Provides beginner’s guides for trading

Disadvantage:

What is Polkadot Crypto?

Polkadot crypto is a network protocol that can be used to transfer data over blockchains. What sets Polkadot apart is the fact that it can transfer this data via public, open blockchains in addition to private, authorized ones.

To put this into practice, a school’s private academic chain of files could send evidence to a smart contract for final exam in the public chain. Hence, there is a practical use in polkadot that could increase its popularity and usage tremendously in the years to come.

Should I Buy Polkadot?

As mentioned above, because of the practical uses of polkadot, buying polkadot at current price could be a great move. This is what sets it apart from many other coins. For example, the popular Dogecoin has no other use than that it is traded.

Polkadot is also the seventh most popular cryptocurrency on Coinbase, with a 24-hour trading volume of £ 1.5 billion. This shows that a large number of investors are already actively trading the coin.

However, one risk with buying Polkadot is that it will expose you to the extremely volatile crypto market. Coins can often experience double-digit fluctuations on a daily basis. For example, Polkadot has fallen 13% in the past 24 hours. This is a risk that investors should be aware of before buying polkadot.

Polkadot Prize

The current Polkadot price is € 19.24. As mentioned earlier, this is down 13% in the last 24 hours, highlighting the volatile crypto market. However, over the past year, polkadot has increased a whopping 158% and since its inception in 2020 it has increased over 840%.

Polkadot price prediction

Predicting an asset price, let alone a cryptocurrency, is not an easy task. However, if you look at coins like polkadot that are of real use, it is clear that they have a bright future, especially given the decentralized world we seem to be moving into.

However, one risk to the Polkadot price is that it moves very closely with the price of Bitcoin. For example, Bitcoin is down 8% and Polkadot is down 13% in the past 24 hours. If Bitcoin continues this negative move, it could bring polkadot with it. So if you want to buy Bitcoin or Polkadot, you should wait for the price to stabilize a bit.

How to buy Polkadot (DOT) in 2022 – tutorial

We are now going to take a step-by-step look at how you can buy Polkadot with our partner broker eToro.

Step 1: set up an account

Simply visit the eToro homepage and click the “Register” button. You will then need to enter some personal information to set up your account.

Step 2: Confirm your account

In order to add funds, you need to verify your account. Just show a valid UK driver’s license and proof of address and eToro will verify you within minutes.

Step 3: make a deposit

The next step is to add funds to your account. You can do this quickly and easily using the above payment methods.

Step 4: Finding Polkadot

Finally, navigate to eToro’s search bar and type in polkadot. Then click the ‘Trade’ button and add it to your wallet.

Conclusion

With the crypto market growing rapidly, now may be a good time to invest. Polkadot offers the opportunity to enter this market while keeping a real benefit.

If you want to buy Polkadot, we recommend that you use our partner broker eToro. It’s commission-free and FCA-regulated to ensure cheap and safe trading.

Buy Polkadot now on eToro.

Cryptoassets are a highly volatile, unregulated investment product. No investor protection from 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 afford the high risk of losing your money.

frequently asked Questions

What is Polkadot Crypto?

Polkadot crypto is a popular coin that provides a true blockchain utility.

Where can I buy polkadot?

You can buy Polkadot on the most popular exchanges such as eToro, Coinbase, Binance, Kraken and Webull.

Can I buy Polkadot on Coinbase?

Yes, Polkadot can be bought on Coinbase.

How much does it cost to buy polkadot?

The current price of Polkadot is £ 19.24 but any amount can be invested.

Is Polkadot a Good Investment?

Many argue that the practical benefits of polkadot make it a great investment.


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