What is Polkadot
Polkadot (DOT) is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types making a wide range of blockchains interoperable with each other. This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services. The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain. Polkadot’s native DOT token has three clear purposes: governance, providing network operations and creating parachains. You can safely and reliably buy and sell DOT on LiteBit.Buy Polkadot
Create an account
If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card. Having trouble? Our Customer Support is available to help you, 24/7. With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio.
We believe buying crypto like Polkadot, should be made simple. To buy Polkadot, you log in to your account in your browser or in your app. You can track the current rate of DOT in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like creditcard and SEPA payment.
Store Polkadot safely
At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased Polkadot, your crypto will show up in your DOT wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.