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Buy Polkadot (DOT)

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What is Polkadot

Polkadot (DOT) is a software seeking to reward a network of computers globally. The rewards are distributed on a blockchain on which users can launch and manage their digital assets. Since Polkadot was launched in early 2020, it is among the newest software that introduces several new technical attributes towards the ambitious goals it has. They are namely the main network and the user-created network. If you’re looking for an exchange to buy Polkadot, you can purchase the asset on Swyft’s Australian crypto exchange.

The Polkadot protocol has 4 main components. These are the relay chain, parachains, parathreads and bridges. The main network which known as the relay chain, contains permanent transactions. The parachain is a user-created network designed in a way that can run on the main blockchain. This enables its transaction to benefit from the same security as the relay chain. Parathreads are similar to parachains but with a few minor tweaks. They run on an economical pay-as-you-go model and have flexible connectivity. Lastly, bridges are the connectors between parachains and parathreads and allow for communication with external blockchain-based platforms such as Ethereum.

How do I buy Polkadot (DOT)?

To buy Polkadot DOT token, log into the Swyftx crypto exchange, enter an amount of Polkadot you want to buy, or the AUD equivalent of how much you’d like to purchase. If you’re happy with the price, tap the ‘Buy Polkadot‘ button to complete your Polkdot purchase. You can deposit AUD via BPAY, OSKO, PayID, POLi Pay, Bank Transfer or debit/credit card as your payment method to instantly buy Polkdot and other digital currencies, including ‘alt coins’. Once the transfer is processed, your account balance can be used to buy Polkdot which will be available in your Swyftx hosted online Polkdot wallet immediately. Many altcoin wallets are also available in case you want to buy crypto. You can deposit or withdraw your Polkdot or other digital currencies from your private online Swyftx wallet at any time. Sign up for your own Polkdot exchange trading profile and start buying or selling Polkdot.

Where to buy Polkadot in Australia?

There are a number of ways to buy Polkadot (DOT). One of the most common and convenient ways to purchase cryptocurrency through a trusted crypto exchange such as Swyftx. Aside from offering some of the lowest fees in the industry, Swyftx is also rated Australia’s number one crypto exchange. With our easy-to-use platform and dedicated customer care team, Swyftx customers are constantly satisfied with the service being provided.

How do we determine the price of Polkadot (DOT)?

The price of Polkadot listed for trading on the Swyftx trading platform is set by real-world trade volumes averaged on global crypto exchanges, so our Polkadot price won’t fluctuate as heavily as you might see on our competitors’ sites. Polkadot prices are influenced by the supply and demand of buyers and sellers throughout the world. The current price of Polkadot is set at the price of the last trade that took place, meaning the latest price a buyer and seller agreed to exchange at. Swyftx doesn’t charge any artificial spread on Polkdot nor does it ‘make the market’ when you buy Polkadot (DOT). This means you can trade as little or as much Polkdot as you like and know that you’ll always get the best prices with the lowest fees on our Exchange.

Is it safe to buy Polkadot?

As with other cryptocurrencies and fiat currencies, buying and trading Polkadot isn’t free of risk. You can buy Polkadot on a number of different crypto exchanges and websites online, but it’s important to be cautious of potential scams and fraud. We recommend doing your research before signing up to an exchange to buy Polkadot. At Swyftx, we prioritize safety and security for our customers. When you sign up for a crypto trading account, your personal details be kept private and your digital assets will be securely stored in your Swyftx crypto wallet.

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Rated 4.8 out of 5 based on 1960 reviews

AJcryptoWA
AJcryptoWA
2021-03-18
Verified
Swyftx is a great user friendly platform with fast, secure transactions and low fees. The recent upgrades have given the platform some great aesthetics and they have a friendly, helpful team who are quick to assist you when required.
Toni B
Toni B
2021-03-17
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This app works really good and you trust it. You can deposit and withdraw you money safely and quicker than any other app.
Manish
Manish
2021-03-17
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Excellent customer service and broad range of crypto available.
Kerem
Kerem
2021-03-17
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Swyftx is a good trading platform for both beginners and old time traders, you can use this with ease and get all of your stuff done like every other application. However there is one area Swyftx shines more than any other trading platform, and it is the customer help centre, I have never experienced such professional caring work from a trading platform like this one, I will continue using this application for a long time. Keep up the work guys!
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2021-03-16
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Mark
2021-03-16
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Jax
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KAJ
KAJ
2021-03-16
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The support team and user-friendly interface is top-notch! They consistently update the site and truly listen to the customers. I'm particularly fond of the "Bundle" buy feature that lets you make bulk order on your favourite cryptocurrencies.
Angelo Demetriades
Angelo Demetriades
2021-03-15
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Jamied
Jamied
2021-03-15
Verified
Swyftx is my go to crypto trader it’s easy to use and they don’t rip you off
Trustpilot rating score: 4.8 of 5, based on 1961 reviews.

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