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If you want to buy Polkadot, you want a cryptocurrency that is supposed to connect different blockchains. This is to ensure the interoperability of very different cryptos.
For not a few, the DOT approach resembles a true revolution in the market for digital currencies, as users no longer have to limit themselves to one functionality but can combine the advantages of different cryptocurrencies.
We learned about the technology and looked for the best ways to invest in Polkadot.
Polkadot (DOT) is not that widespread in the cryptocurrency market yet. So you have to take a closer look to identify brokers and exchanges that have digital currency on offer. You should pay attention to the following points when buying Polkadot:
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At this point, let’s dedicate ourselves to a full-fledged guide on how to buy a Polkadot We have chosen ETFinance as the best broker for this. The provider impresses with an excellent trading portfolio, a high level of user-friendliness and a license from the European Union.
As one of the few brokers in the industry, ETFinance also offers Polkadot.
Before we can buy our first Polkadot coins, we first need an account. Registering with ETFinance is pretty self-explanatory and should be completed in a few minutes. However, it should be noted that all information must be verified afterwards.
The usual suspicious details such as name, address, telephone number and also e-mail are given. Fill in the data and then choose a password. Then quickly confirm the terms and conditions, and you have already survived the registration.
Of course, you first need credit in your account for a Polkadot investment. This can be charged in different ways. This is particularly easy with a credit card, for example.
But you can also bring money to the platform with Skrill, Neteller or other payment methods.
| Payment option | Possible? |
| Polkadot buy with credit card | ✔️ |
| Buy Polkadot with PayPal | ✔️ |
| Buy Polkadot with Giropay | ✔️ |
| Buy Polkadot with Skrill | ✔️ |
| Buy Polkadot with bank transfer | ✔️ |
| Buy Polkadot with Neteller | ✔️ |
| Buy Polkadot with other payment methods | ✔️ |
Now we can buy Polkadot. At ETFinance, crypto trading works with the help of so-called CFDs. The cryptocurrency is offered as a DOT currency pair with the US dollar. Therefore, it is quite essential to note that you are not speculating on the value for yourself but only on price developments.
This has the advantage that you don’t need your own Polkadot wallet. However, an increased risk is also to be expected.
First, enter “Polkadot” or the abbreviation “DOT” in the search field. This will take you to the overview page for the cryptocurrency. Now click on the “trade” button in your account. At the same time, a new window opens in which you can complete the trade.
As an investor, you were given various investment options.
If you have set everything, you can finally “open the trade “.
Why do we recommend a CFD broker at this point? In the case of more significant cryptocurrencies, one might consider investing directly in digital coins. However, Polkadot itself is not yet big enough to consistently find its way into renowned providers.
Since most traders are primarily interested in increasing the value of their assets and less in the real benefits of a blockchain, the digital currencies themselves are not needed at all. However, as regulated commodities, CFDs offer a way out.
Here, investments are not made directly in the asset but in a financial product that uses the cryptocurrency’s price.
When trading CFDs, traders should keep in mind that the risks should not be underestimated. Conversely, however, this also means that there are comparable high returns. In addition, as a dealer of the real Polkadot Coins, you would need your wallet.
With a CFD provider like ETFinance, there is no such requirement.
There are several ways to buy Polkadot in South Africa. On the one hand, you can go the usual way and buy Polkadot via a crypto exchange such as Binance or Kraken, or you can choose the easy route and trade Polkadot via a CFD broker such as ETFinance.
At ETFinance, you have the opportunity to invest in the price development of Polkadot via CFDs. For investing in Polkadot CFDs, we recommend the ETFinance broker. To trade with Polkadot, you must first register and deposit funds into your ETFinance account.
After making the deposit, you can start trading Polkadot immediately. Due to the great ease of use and the simple registration, we recommend trading through ETFinance.
You can also buy Polkadot via one of the crypto exchanges. To do this, you first have to transfer money or a cryptocurrency to your stock exchange account, and you can. After this step, you can select Polkadot on the respective platform, buy your desired amount of dots and then transfer them to a wallet to store them securely. However, this route is significantly more complex compared to trading on ETFinance.
Buy Polkadot in Austria
There are several ways you can buy Polkadot in Austria. If you want to speculate on the price development of Polkadot, we recommend the CFD trading of Polkadot at ETFinance.
To trade at ETFinance, you need to create a user account and deposit money into your account. Thanks to the clear user interface, investing is very easy, and you can start trading in no time. The advantage of CFD trading is that you don’t have to register with a crypto exchange, and you don’t have to deal with complicated wallets.
If you want to invest classically in Polkadot, you can buy Polkadot via a crypto exchange. We recommend Binance or Kraken for this. Here you first have to deposit money or a cryptocurrency into your account. You can then use it to buy Polkadot and then transfer it to a wallet. However, this route takes more time and is therefore not recommended in our opinion.
If you live in Switzerland, you have a few different options for investing in Polkadot. You can buy Polkadot through a crypto exchange or trade CFDs through a broker.
The easiest way to trade dots is to buy through the ETFinance broker. Here you can bet on the price development of Polkadot with CFDs without having to buy Polkadot. To purchase Polkadot CFDs, you need to create an account with ETFinance and deposit funds into this account. ETFinance has recently started offering you to pay in via PayPal. This makes trading even easier for you. After making the deposit, you can start trading Polkadot immediately.
Like all other cryptocurrencies, you can buy Polkadot on a crypto exchange such as Binance or Kraken. However, you first have to deposit money into your account or send another cryptocurrency to your exchange wallet for the purchase. You can then buy Polkadot directly on the exchange. However, this route requires more steps and is therefore not recommended.
Let’s take the following example when buying Polkadot:
With these assumptions, we now go through the fees of the largest providers.
| providers | ETFinance | Plus500 | Capital.com |
| Deposit | Free | for free | for free |
| Purchase fees | None | 3.08% | 0.1% |
| Holding fees | None | 0.05% | for free |
| Sales charges | Spreads | 0.05% | 0.1% |
| Payout | Free | 3.08% | for free |
| Total fees | Reasonable | € 92.32 | 10 € |
It should be noted that the trading fees in the crypto area at ETFinance (as with many other brokers) are by no means fixed. Rather, it is a variable interest rate. However, if you compare the provider with many other brokers in the industry, you will find that the fees are competitive. This also applies to buying a Polkadot.
PayPal is one of the most popular payment methods due to its high level of user-friendliness. But can you also buy Polkadot with PayPal?
Recently the answer to this question has been: Yes! With ETFinance, one of the best CFD brokers has added PayPal as a payment option, allowing you to trade dots via PayPal.
Apart from ETFinance, no major crypto trader such as ROinvesting, Binance or Kraken offer you the option to deposit via PayPal and Polkadot in combination. We,+ therefore, recommend the Polkadot trade at ETFinance.
The purchase of Polkadot is currently not possible at ROinvesting, Trade Republic or Comdirect. Nevertheless, you have the opportunity to trade Polkadot with a reputable broker.
At ETFinance, you have the opportunity to trade CFDs on Polkadot and thus bet on rising or falling prices of the dots. Due to the high user-friendliness and the low fees, we recommend ETFinance as a broker for trading Polkadots.
Trading in dots is also possible via the app. For example, if you want to buy CFDs on the Polkadot course, this works smoothly through the ETFinance app. With ETFinance, you have a reputable broker who offers a sophisticated app for trading Polkadot.
For the classic purchase of Polkadot via a crypto exchange, you can use the Binance or Kraken apps. Here you can buy dots with money or cryptocurrencies. However, the route via crypto exchanges is sometimes very complex and offers some pitfalls. Therefore, our clear recommendation is to trade through ETFinance.
The apps are available in both the Apple App Store and the Google Play Store.
Polkadot trading: Investing in Polkadot for the long term or trading CFDs?
With every asset class, the question arises as to whether investments should be short-term or long-term. At Polkadot, both a long and short-term investment horizon can make sense.
For short-term trading, we recommend trading CFDs with ETFinance. Here you can bet on price changes with CFDs without having to register with an exchange or having to hold dots.
Polkadot is a still-young cryptocurrency. It only started in the fourth quarter of 2020. Since then, the price has mainly known one direction, namely upwards.
It is a fundamental decision: are we to buy a Polkadot with or without a wallet? We have already touched on this question on this page. If you use a CFD broker like ETFinance, you invest in the cryptocurrency entirely without a wallet. Instead, a currency pair is traded here, which can then be easily viewed in the account.
However, you will then not have real DOT coins at your disposal. Therefore, traders should ask themselves what purpose they are pursuing with their investment. If you want to become part of the network, CFD positions are of little use. Then you have to choose a crypto exchange such as Binance and create a corresponding wallet.
This is associated with a certain amount of effort. However, this may also be particularly worthwhile if you are pursuing long-term investment goals. Finally, CFDs can also cause holding and follow-up costs that can be avoided with a direct investment.
Especially the volatility, which Polkadot also exhibits, offers numerous opportunities for active traders, which can also be used without a wallet. So, in the end, it is actually a fundamental decision of the trader.
Polkadot (DOT) has not been on the cryptocurrency market for long in its current form. Therefore, you have to look closer to identifying brokers and exchanges that have the digital currency on offer. You should pay attention to the following points when buying Polkadot:
An investment in Polkadot can still be very attractive for many investors at this point. Polkadot has increased its value more than tenfold since September 2020, making it many positive headlines.
The price increase is not based solely on hype like other cryptocurrencies but on a good product from an experienced team. With Polkadot, a whole ecosystem can be created from different blockchains.
Every day new blockchain solutions are developed on an isolated blockchain. Thanks to Polkadot, these many projects can be connected. Because of this interoperability, Polkadot can also be a good investment in the long term. Therefore, in our opinion, it is not too late to invest in Polkadot.
Buying Polkadot is hardly comparable to the big Bitcoin. After all, the DOT cryptocurrency didn’t until 2020. So, you are dealing with an offer that is still young. But that may be so interesting for investors.
Anyone who can jump on a successful bandwagon earlier may one day generate significant returns.
On the other hand, one should keep in mind that such investments also involve high risks. A look at the Polkadot rate shows that it is a volatile digital currency. CFD traders who participate in trading through our test winner, ETFinance, can particularly benefit from this.
To buy real Polkadot Coins, you have to register with a regular crypto exchange. Trading is easier with CFD brokers like Libertex.
CFD brokers allow the investor to invest in currency pairs without having to consider the need for a crypto wallet. After all, the cryptocurrency is not acquired by itself. The situation is different with real exchanges that allow direct trading in cryptocurrency.
Polkadot only started a starting point in 2020 so it is a young offer, which has already seen enormous price increases. Whether this can continue in the future depends primarily on functionality and acceptance in the industry itself. However, further positive developments certainly seem possible.
One should by no means simply assume that every wallet can also automatically manage Polkadot. Since it is still a young cryptocurrency, specific requirements may apply. If you use CFD trading, no crypto wallet is necessary.
Investing is speculative. Your capital is at risk when investing. This website is not intended for use in any jurisdiction where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. Therefore, conduct your own due diligence. This website is available to you free of charge, however we may receive commissions from the companies we offer on this website
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