Full Guide on How to Buy Polkadot Coin in the UK
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Investing in cryptocurrencies is one of the trends because it allows earning good money thanks to high volatility, which means quick and significant changes in prices. Also, they are suitable for making fast, cheap, and anonymous payment transactions on the Internet.The choice of crypto coins suitable for investment is quite large. Polkadot is one of the options that you can consider. If you live in the UK, you can purchase this crypto on a range of exchanges. You want to find the best options allowing making such transactions on good conditions. Find out where you can buy Polkadot coins in the UK and how to do that.
What Is Polkadot and Why Should You Buy Polkadot Coins in the UK?
Polkadot (DOT) was founded by Gavin Wood and introduced in 2016. However, its launch took place only in 2020 at a price of $2.69. Within only one year, its price increased by 1,200%. In essence, it is a network that connects blockchains.By the moment of writing this review, the price of this crypto coin has reached $26.03. It quickly became one of the sixth largest cryptocurrencies by market capitalization. Many investors believe that it is a smart decision to buy Polkadot coins in the UK.
Instructions on How to Buy Polkadot Coins
If you wish to invest some money in this cryptocurrency, your first question will be how to buy Polkadot. You can do this on a range of exchanges. Each of them comes with certain features and offers different conditions. Generally, you will need to take the same steps to use the services of such platforms:
- Create an account
- Go through the verification procedure
- Add some money to your account
- Purchase DOT
Where Is It Possible to Buy Polkadot with GPB?
If you are interested in buying Polkadot, you will need to find the right exchange to do that. This is where you can buy this crypto coin and other digital assets. Check out what factors you should consider when choosing a perfect exchange:
Buying Polkadot at Binance
Binance is one of the most popular exchanges offering to trade over 500 different crypto coins. One of its most significant advantages is relatively low fees. It uses tough security measures so you can use this platform with peace of mind.
This is how to buy Polkadot on this platform:
Become a registered user
To register on the website of this platform, you will need to provide a few details about yourself. You can do this in a special registration form available on the site. Once you submit it, you can access your account.
Verify personal information
Among details that you can provide on the site of this platform are your name and address. You will need to verify some important information. This can be done by providing relevant documents. For instance, your driving license or password can serve as proof of your identity.
Replenish your account
To purchase some DOT, you need to have some cash in your account. This means that you will need to make a deposit on this platform. Since there are different payment methods that you can use, pick something you prefer and proceed with your transaction.
Now, you can purchase DOT. In this case, you will need to pick this asset from the list of options. You will also need to specify the amount of this crypto that you wish to purchase. Then, you can complete the transaction and get the necessary amount of Polkadot in your account.
Buying Polkadot at Kraken
Kraken is another popular platform that can be used for buying and selling different types of cryptocurrencies, and DOT is among them.
If case you are interested in buying Polkadot on Kraken, you will need to do the following:
Sign up with the platform
To begin the registration process, you need to go to the official website of the exchange. This is where you will see the Create Account button that you need to click on. Fill out the fields of the registration form and finish the sign-up procedure.
Verify your details
On this platform, you are also required to provide proof of your identity by submitting certain documents. This should not take you a long time.
Make a deposit
Now, you can pick a preferred payment method to add some money to your account. Simply click on the one you need from the list of options and enter the amount of money you are willing to spend on your purchase.
The funds that you now have in your account on the Kraken platform can be used for purchasing Polkadot.
How to Buy Polkadot at Crypto.com
Crypto.com is a secure and easy-to-use exchange, which allows buying cryptocurrencies on different devices. It is a popular site used by millions of users all over the world. While you can perfectly do everything on the website, it is also possible to download the application on your device.
Here is the instruction on how to buy Polkadot coins at Crypto.com.
Becoming a registered user
A quick registration procedure is the first step you will need to take. You will provide a few details that you will then submit.
Verifying your personal details
Since it is essential to ensure legal use of crypto coins, users must go through the verification procedure. It means providing necessary documents, which aims at proving their identity.
Deposing some money in your account
To purchase Tether or any other crypto coins on this exchange, replenish your account. It is possible to use various payment options for this purpose. You will simply need to click on the payment method you prefer, and money will hit your account shortly.
Since you now have some money in your account, you can buy Polkadot. In this case, you will pick this cryptocurrency from the list of options and purchase the required amount using the money you have.
Buying Polkadot at BC Bitcoin
BC Bitcoin allows purchasing a variety of digital assets, including Bitcoin. This company has been around for more than 30 years; so, its reputation has been tested by time.
You will need to take the following steps to buy Polkadot from the BC Bitcoin platform:
Sign up for BC Bitcoin
Becoming a registered user of this platform is the first step you will need to take. In this case, you will need to fill out the online registration form with the required info.
Verify your details
To prove your identity and some other details, you will need to provide certain documents. Among others, they may include your password. Upload the scans of the documents and wait for them to be checked out by the staff of the platform.
Add some funds to your account
The next step you will need to take is to replenish your account with some funds. In this case, you will only need to pick a payment method you prefer. Then, you will need to enter the amount of money you want to deposit. Your funds should hit your account quickly.
As soon as you have enough funds in your account, you can make a purchase on the exchange. Find DOT in the list of available options and specify how much you need to buy.
Buying Polkadot at Libertex
Libertex is a trading platform that allows investing in DOT. Not only is it suitable for purchasing crypto coins but also other assets, such as Metals, Oil and Gas, and more.
This is the instruction on how to buy Polkadot:
Register on the Libertex
First of all, you need to undergo the verification procedure. Click on the Register button in the top section of the site and fill out the registration form.
Verify your details
Some of the details you provide during the registration procedure and in your user profile must be verified. You will need to upload some documents for this purpose. The verification procedure will last about 1-2 days.
Add some funds to your account
To be able to buy Polkadot, you need to add some money to your account. This can simply be done by picking a preferred payment method and entering the amount of money you wish to deposit.
The money you have deposited into your account can be used to purchase Polkadot. Since there are different assets available on the Libertex platform, you will need to pick Polkadot from the list of options available for you.
Buying Polkadot with a Credit Card
It is possible to buy Polkadot with a credit card on a range of platforms. It is quite a popular option because it allows you to complete the payment quickly and easily. The thing is that you are not even required to undergo the registration and verification procedures in this case. The following are the fields you will need to fill out:
- The type of cryptocurrency you want to purchase (in your case, it is Polkadot)
- The amount of crypto coins you wish to purchase
- The details of your bank card
- The wallet where you wish to transfer DOT
What Wallets Can You Use after Buying Polkadot?
Before you even buy Polkadot with GPB, you should think of where you will be storing your assets. There are several great wallets you can use for this purpose. The following are the best options to consider:
- Ledger Nano X (hardware wallet)
- TokenPocket Wallet (mobile wallet)
- SafePal Wallet (hardware and mobile wallet)
- Guarda Wallet (various types of wallets, from desktop to web)
- Atomic Wallet (mobile and desktop)
Buying Polkadot Legally
You cannot buy Polkadot coins in the UK for whatever reason. There are certain legal regulations prohibiting making transactions aiming at financing terrorism or some other illegal actions. In the UK, it is the Financial Conduct Authority (FCA) that keeps the situation under control to ensure the absence of such situations.You should make sure that you buy Polkadot coins in the UK for legal purposes. Remember that you will either need to undergo special verification procedures or use payment methods allowing identifying you quickly.