What can you do with Polkadot?

Learn more about Polkadot

1. How does Polkadot work?

   Unlike traditional currencies, Polkadot is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Polkadot. This decentralization means the holders and users of Polkadot can help to maintain the network.

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2. Where can I buy Polkadot?

   Most find that the easiest and most secure way to purchase Polkadot is through a reliable cryptocurrency platform like Kraken. While Polkadot can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Polkadot.

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3. How much does 1 Polkadot cost?

   At the current market rate, it costs $3.73 to purchase one DOT. Kraken makes it easy to buy & sell Polkadot with confidence.

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4. Can I buy $100 worth of Polkadot?

   Yes, Kraken offers a secure and easy to buy $100 worth of Polkadot. At its current price, $100 equals 26.81 DOT.

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5. Is it safe to buy Polkadot?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Polkadot purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Polkadot investment. You should do your own research on Polkadot price before buying.

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6. Is Polkadot available to buy and sell in my country?
   

   
   To find out if Kraken offers Polkadot in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Polkadot a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Polkadot may be a worthwhile purchase.

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8. Can I purchase Polkadot using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Polkadot transaction fee?

   Kraken offers competitive fees for Polkadot transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Polkadot I can buy?

    
    You can buy as little as $10 worth of Polkadot on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Polkadot regularly.
    

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11. How to buy Polkadot with PayPal?

    To buy Polkadot with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Polkadot, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Polkadot.

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12. How to buy Polkadot with a debit card?

    You can buy Polkadot using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Polkadot with a credit card?

    To buy Polkadot using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Polkadot with other cryptocurrencies?

    Kraken makes it easy to buy Polkadot using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Polkadot. Browse the Polkadot markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Polkadot from Kraken to my crypto wallet?

    Yes, the Polkadot you buy on Kraken is yours. Kraken makes it easy to withdraw your Polkadot to any hot wallet or cold wallet that supports Polkadot. Simply enter the external wallet address and your Polkadot will be in your wallet a few moments later.

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16. Is it safe to keep Polkadot on Kraken?

    We take every measure possible to keep the Polkadot you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Polkadot. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Polkadot?

    The current circulating supply of Polkadot is 1,521,077,264 DOT.

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