Why buy Polkadot with Kraken?

About Polkadot

What can you do with Polkadot?

Swap Polkadot for other assets

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 it cost to buy 1 Polkadot?

   At the current market rate, it costs $10.36 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 9.65 DOT.

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5. Is Polkadot safe to buy?

   The Polkadot price can change dramatically based on market conditions. You should do your own research on Polkadot 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. What are the transaction fees for buying Polkadot?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. 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. Can I 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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12. Can I buy Polkadot with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Polkadot using hundreds of other cryptocurrencies. Browse the Polkadot markets available on Kraken to see how much it costs to buy Polkadot with other cryptocurrencies.

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13. How can I keep my Polkadot safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Polkadot. When you choose to keep your Polkadot on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Polkadot?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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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 leave my 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 1,521,913,745 DOT.

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