How to buy Polkadot in Canada?
It doesn't matter if you are in Toronto, Montreal, Calgary or anywhere in between, NDAX gives you all the tools and support to buy and sell Polkadot in Canada.
Why buy DOT?
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.
Storing your Polkadot
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.
What can you do with Polkadot?
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.
Why buy DOT on NDAX?
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.
Gain control of your DOT investments with advanced trading options
The cryptocurrency market is volatile. Avoid missing out on trades by using NDAX’s unique trading options:
Buy or sell order executed at a specific price.
Order to buy or sell once a cryptocurrency reaches a specific price point.
Trailing stop market order
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 order 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 cancelled entirely.
Immediate or cancel order (IOC)
Trade that executes immediately and cancels any unfilled portions of the order.
Reserve order (Iceberg Order)
Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.