How to Buy Polkadot (DOT) - A Step-by-Step Guide

Polkadot aims to solve the problems of interoperability and scalability of blockchains and uses the DOT token for maintaining and operating the network. Buying and staking DOT allows the owner to be involved in Polkadot’s governance by proposing changes and by making decisions to approve or reject changes proposed by others. Staking also provides an opportunity for rewards. Polkadot uses a variation of proof-of-stake consensus and investors who purchase and stake DOT can earn a return on their investment.

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in DOT: DOT is highly divisible, so you can buy small amounts to get started. Trade CAD to DOT with as little as $1 and with low trading fees of 0.2%.

After investing in Polkadot, the next step is to store your Polkadot in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your Polkadot on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your Polkadot to a private wallet from Ndax. However, if you decide to store your Polkadot in your Ndax wallet, we have all the security measures in place to keep your Polkadot safe and secure.

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• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt DOT and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, DOT can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth, and profits.
• Use as a Store of Value: Investors are using DOT as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set Polkadot recurring purchases to automatically buy DOT to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

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The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

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Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

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