Polkadot is a cryptocurrency that was created in 2016 by the Ethereum co-founder, Gavin Wood. What makes Polkadot different is that it aims to bring different blockchain together to make things efficient and scalable, Polkadot believes in network upgrades without a Fork unlike the Bitcoin Network which has the Bitcoin Cash and many other Fork BTC fork.
The Polkadot network can be used for different things which include: Bonding, Staking, Governance.Buy Polkadot here
How to buy Polkadot step-by-step summary
Follow this step to buy Polkadot instantly:
- Buy Bitcoin or Ethereum from Coinbase.com to purchase Polkadot using Bitcoin
- Get a Polkadot wallet to store your DOT (Trustwallet, Exodus wallet, Atomic Wallet)
- Visit Changenow (no registration needed, no IDs for small amounts eg below $250,000)
- Check for Polkadot
- Enter the amount of Polkadot you want to buy using BTC
- Enter your Polkadot address
- Pay BTC or ETH or any altcoin and receive you Polkadot
Do this to buy Polkadot instantly
To buy Polkadot in New York you will need to purchase Bitcoin or Ethereum on Coinbase, Get a Polkadot wallet (Trustwallet or Exodus) both wallet are available on Desktop and Mobile, next visit Change now, select the amount of BTC you want to use to purchase Polkadot, enter your Polkadot address and transfer the exact amount of BTC to the address given to you by Change now.
Visit Changenow through my referral link: https://changenow.io/
Step 1 – Purchase Bitcoin on Coinbase to later swap it for Polkadot on Changenow
Purchasing Bitcoin on Coinbase can be easily done with a credit card or bank transfer, to do this you would have to own a coinbase account and process your transaction with your debit or credit card.
Step 2 – Get a Polkadot wallet (Exodus wallet or Trust Wallet)
A Polkadot wallet would be used to store, receive and send Polkadot. The following wallet supports Polkadot and other cryptocurrencies, if you download this wallet (Exodus or Trust Wallet) on your device you would be given a recovery phrase, the 12 word recovery phrase can be used to access your fund, keep it safe and write it down on multiple papers.
Step 3 – Visit Changenow
Changenow is a cryptocurrency exchange that supports over 200 cryptocurrencies, registration is not needed to use changenow, and IDs are also not needed.
Step 4 – Search for Polkadot
To check for other cryptocurrencies on Changenow, click the default “ETH” on the swap and search for Polkadot.
Step 5 – Enter the amount of Polkadot you want to purchase on Changenow
To do this enter the amount of BTC you want to use to Purchase Polkadot and click exchange, make sure you have BTC stored on your Coinbase wallet.
Step 6 – insert your Polkadot wallet address into Changenow.io
Your Polkadot wallet address can be gotten from your Polkadot wallet, click on the Polkadot Icon and click recieve, the wallet would give your Polkadot wallet address, Paste in the wallet address on Changenow.
Step 7 – Pay in your BTC to the generated Changenow address
Copy and Paste the address into your Coinbase wallet and pay the exact amount of BTC. Once your Payment is sent you would receive your Polkadot.
What is Polkadot?
Polkadot is a cryptocurrency that was created by Ethereum co-founder, it raised over $140,000,000 in ICO offering making it one of the most funded ICO project.
Is Polkadot a good investment?
Polkadot is a good investment, it is created by a well-known person in the cryptocurrency space and plans to solve a lot of issues in cryptocurrency making it a good investment.