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How to buy Polkadot (DOT) in Canada

Find out how to buy Polkadot in 3 simple steps, and pay no CAD funding and withdrawal fees.
Buy Polkadot

What is Polkadot?

A platform, Polkadot lets different blockchains interact and communicate with each other. Polkadot consists of a relay chain, which is the main network and where the main security lies.

Parachains, which are simpler versions of blockchains, connect to the main relay. They help keep Polkadot’s ecosystem scalable while benefitting from the relay chain’s security features.

The Polkadot platform uses DOT as its cryptocurrency, primarily for governance and staking. Polkadot’s relay chain uses a proof of stake consensus mechanism, which lets users stake their DOT and become either validators or nominators on the network.

Polkadot (DOT) logo
Polkadot (DOT) logo

Polkadot (DOT)

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Why invest in Polkadot?

One of the top cryptocurrencies in the world, Polkadot is extremely important because it can communicate with other blockchains and, as a result, solves one of the key weaknesses of blockchain technology. Accordingly, Polkadot shows a great deal of potential for innovation and implementation within various sectors.

Investing in DOT is more than simply buying and waiting for the value to increase. You have the chance to stake DOT and gain earnings passively through crypto liquidity pools. Also, investors can stake DOT to become nominators and validators. Doing so puts crypto assets to good use rather than leaving them idle in a wallet.

What are Polkadot’s pros and cons?

PROS

  • Polkadot connects blockchains so they can share valuable information.
  • Because many highly-skilled developers work on Polkadot, there’s potential for ground-breaking technology.
  • Polkadot is easy to buy in Canada on Coinberry and other crypto-trading platforms.

CONS

  • Polkadot is relatively new so its future developments are unknown.
  • Like other crypto, Polkadot’s value can change quickly.
  • Value is volatile and can change drastically from day to day in Canada.

Why does Polkadot stand out?

Polkadot plans to solve interoperability - the biggest issue facing cryptocurrencies and blockchains. As of now, most blockchains don’t have the ability to interact with each other.

Solving interoperability allows different blockchains, such as Ethereum and Bitcoin, to coexist and share data, changing the future of blockchains. Polkadot stands out for long-term value because it promises global integration of cryptocurrencies, their functions, and their operations.

Wondering where to buy Polkadot (DOT) in Canada? Coinberry is your #1 choice:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

Buy Polkadot (DOT).

You can buy DOT right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Polkadot

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