Where and how to buy Polkadot?Despite launching less than a year ago, DOT can already be purchased and traded on a large number of popular cryptocurrency exchange platforms.
This includes several tier 1 exchanges, including Binance, Kraken, and Huobi Global, as well as close to 100 less-established platforms.
Buying DOTOne of the simplest ways to buy DOT is by using your debit or credit card on Binance. Here's how:
Step 1: Create or log in to your Binance account. Once logged in, hover over the 'Buy Crypto' option found in the header. Here, select your desired payment currency in the top right and then click on your chosen payment option.
In this example, we're going to buy DOT using a Visa debit card, while paying in US dollars (USD).
Step 2: You will then be presented with the payment screen. Select the asset you want to purchase from the drop-down 'Coin' menu. In this case, we'll select DOT.
Then, enter the amount of DOT you are looking to purchase. This is the amount of your chosen currency you will spend on DOT.
Step 3: Click on 'Buy DOT'. You will then be asked to complete identity verification. This will involve providing some basic information, like your name, address, and date of birth, and uploading two images:
A photo of a valid identity document (such as a national ID card, passport, or driving license)
A selfie that matches the ID document
KYC verification will usually be completed within 1 hour but can take up to 36 hours during busy periods.
Step 4: Once your identity has been verified, you will be able to complete the purchase process, and will be asked to enter your payment information. Simply enter your card's payment details and your billing address, and click 'Pay now'.
Once Binance has verified your payment information, it will then charge you the amount you selected in an earlier step, and you will receive your DOT deposited directly to your Binance wallet.
Many other exchange platforms have a similar procedure, but may vary slightly in the currencies and payment methods they support. For more information, see the supporting documentation offered by your exchange of choice.
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