How to Buy Polkadot Coin?
If you are looking for where to buy Polkadot coin, we will show you how to buy Polkadot coin for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency exchange.
What Is DOT Coin?
Polkadot (DOT) is based on a scalable, heterogeneous, and open-source blockchain. A heterogeneous chain consists of the main blockchain, called a Relay chain, which interacts with parallel sharded chains known as paracells.
The DOT crypto allows different blockchains to transmit messages, including value, share their functions while sharing security.
DOT Coin Review
The Polkadot coin project was developed in 2016 by the Web3 Foundation. It focuses on the development, deployment, and maintenance of Web3. The Web3 Foundation promotes technologies and apps in the field of decentralized crypto-enabled software protocols.
The Polkadot token has flexibility and no restrictions on the structure of the chains in the network. Even non-blocking systems or data structures can become Parachain if they meet criteria.
The DOT token can be equivalent to a set of independent chains.
The network consists of parachains improving anonymity. Transactions are conducted simultaneously and distributed between the blockchains.
The Polkadot cryptocurrency ecosystem consists of:
- Relay chain. This is the center of the system, which ensures the exchange of transactions between the chains.
- Parachains. These “parallel blockchains” carry out transactions and transfer them to the source blockchain.
- Bridges. These are links to blockchains with their consensus.
The main goal of the Polkadot crypto ecosystem is to make sure that all blockchains remain secure. These aspects affect the DOT price positively.
Where To Buy Polkadot Coin?
To exchange Polkadot token, read news about it, or if you want to know how the DOT coin price changes – Polkadot Price Prediction 2021, use StealthEX. It helps make transactions fast and secure.
How To Buy Polkadot Coin?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to Polkadot. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose DOT coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of DOT coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Polkadot coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your DOT coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive Polkadot crypto to the address provided. To be sure that DOT token was sent to your wallet you can also use the Output hash shown on this page and check it in the Polkadot blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Polkadot wallet to be surprised at how fast you got DOT coin. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
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March 9, 2021DOT exchange how to buy how to buy crypto Polkadot