How to buy Polkadot from Bitget 

What is Polkadot (DOT)?

Polkadot is a public decentralized multi-chain network that prioritizes interoperability and scalability while not compromising on security. The network was founded by Gavin Wood, co-creator of Ethereum, and raised USD 145 million in its high-profile ICO in 2017. As one of the biggest projects supported by the Web3 Foundation, it is undoubtedly a project worth one's attention.

How Polkadot (DOT) Works

Unlike the majority of public blockchain networks, Polkadot introduces great infrastructure improvements. It consists of one main blockchain called the "Relay Chain", and quite a few independent sub-chains called "parachains". The Relay Chain is responsible for security, governance, and data validation. Each parachain is independent and customizable to every developer's needs. Though the parachains operate independently, they benefit from the security and interoperability of the Relay Chain, as there exist many bridges among the parachains and between the Polkadot network and other blockchain networks. At the moment, it is estimated that about 100 parachains are working in Polkadot.

Because of such a multilayered structure, Polkadot can achieve speed, security, and scalability at the same time, and is thus considered among the most scalable public blockchains, even more so than layer-2 solutions.

Polkadot uses the Nominated Proof of Stake (NPoS) consensus algorithm, in which DOT holders can act as one of four stakeholders of the blockchain as follows:

- Nominators: pick validators, and secure the Relay Chain

- Validators: take part in consensus, and validate proofs from collators

- Collators: keep track of transaction records on parachains, and send such records to the Relay Chain

- Fishermen: report unusual behaviors in the network

How Many DOT Tokens Are in Circulation?

DOT is the native token of the Polkadot blockchain that can be used for staking and governance. There is no hard cap for DOT. The current DOT amount in circulation is 1.12 billion.

How to Buy Polkadot (DOT)

Consider investing in Polkadot (DOT)? It only takes 2 minutes to create an account on Bitget and start trading DOT. 

Check out the available DOT trading pairs on Bitget!

Futures Market

DOTUSDT

Spot Market

DOTUSDT

DOTUSDC

Polkadot Resources

Whitepaper

Official Website

Bitget: Where The World Trades Polkadot

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How to buy Polkadot from Bitget 

What to Do After I Buy Polkadot

Store/Hold Polkadot

Many users hold on to their Polkadot with the expectation of it increasing in value. You can store your DOT safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Polkadot

You can trade Polkadot for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Polkadot trading to meet your needs.

Send Polkadot

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Polkadot online and send to anyone and anywhere with their Polkadot address.

Spend Polkadot

You can also buy goods and services with your Polkadot. More and more vendors and retailers accept Polkadot every day.

Donate Polkadot

Bitget Charity accepts Polkadot donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Polkadot so no one misses out on the growth made possible by blockchain.

Learn More About Polkadot

You can read more in-depth articles on Polkadot from Bitget Research and study how cryptocurrencies like Polkadot work on Bitget Academy

Buy and Sell DOT on the Move

Download the Bitget crypto trading app and trade your DOT plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Polkadot online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Polkadot instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Polkadot purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.