Buy Polkadot (DOT)

$0.00

0.00%

AUD

DOT

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Polkadot?

Polkadot (DOT) is an open source multichain protocol that aims to connect and secure multiple blockchains on a single network. Polkadot was established in 2020 by founder Gavin Wood who is an original co-founder of Ethereum. The overall goal of the Polkadot protocol is to solve issues that currently plague blockchain technology such as; interoperability, scalability, governance, and data privacy.

Polkadot allows individual blockchain networks to connect with other blockchains making them interoperable. This multi-chain functionality makes it easier for developers, start-ups, and enterprises to build and operate blockchain technology.

The Polkadot protocol has 4 main components. These are the relay chain, parachain, parathreads and bridges. The main Polkadot network is known as the relay chain; this creates interoperability and secures the networks. The parachain is a user-created specialised network designed to run on the main blockchain. Parathreads act similarly to parachains but with more flexible connectivity. Lastly, bridges are the connectors between parachains and parathreads that allow for communication with external blockchain-based platforms like Ethereum.

Read our guide to Polkadot on Swyftx Learn for a more thorough breakdown of the protocol.

How do I buy Polkadot (DOT)?

To buy DOT token, simply create and account with Swyftx with a few simple details such as your phone number, email and identification. Once your account has been verified you can log into the Swyftx crypto exchange and deposit funds via bank transfer, POLi, PayID, or debit card. When the funds have landed in your account you can instantly buy Polkadot (DOT) and hundreds of other cryptocurrencies.

Your polkadot (DOT) will then be securely stored in your Swyftx exchange wallet and can be accessed anytime. You can track the price movements of your assets via the dashboard in the Swyftx mobile app and web trading platform.

Where to buy Polkadot in Australia?

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

Frequently Asked Questions

How is the price of Polkadot (DOT) determined?

The price of Polkadot listed for trading on the Swyftx trading platform is set by real-world trade volumes averaged on global crypto exchanges. This means 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 worldwide.

 

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. We also don’t ‘make the market’ when you buy or sell 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. View the live Polkadot price in AUD.

Is it safe to buy Polkadot?

As with other crypto assets and fiat currencies, buying and trading Polkadot isn’t free of risk. You can buy, sell and trade Polkadot on a number of crypto exchanges and websites, but it’s important to be cautious of potential scams and fraud.

 

We recommend doing your research before signing up for to exchange to trade Polkadot. At Swyftx, we prioritise safety and security for our customers.

 

When you sign up for a crypto trading account, your personal details will be kept private and your digital assets will be securely stored in your Swyftx crypto wallet.

Can I buy DOT with debit card?

Swyftx supports a number of payment methods including depositing via debit card. To do this, log into your Swyft app and navigate to the ‘Quick Deposit’ tab to deposit Australian dollars. Select the debit card option and let us know how much you wish to deposit. Swyftx uses Banxa as our card payment provider.

 

You’ll be redirected to Banxa if you choose to deposit your funds via debit. Once your funds have successfully landed in your account, you can start trading all crypto assets listed on our exchange. We also support deposits made via bank transfer, POLi, and PayID.

Why use Swyftx to Buy Polkadot?

How to buy
Polkadot (DOT)

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Low Fees

Buy Polkadot (DOT) with low spreads and cheap trading fees.

Instant Verification

Verify online instantly and deposit AUD to buy Polkadot (DOT) in less than 2 minutes.

Secure Accounts

Breached password detection and Two Factor Authentication help protect your account from scammers.

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Rated 4.8 out of 5 based on 1960 reviews

Excellent

3828 Reviews

Mick Morris
I received a security support call the first time, I tried to move assets to another wallet. As a new user this was reassuring that they actually have good security systems.
Nathan
My inquiry was responded to quickly, & Swyftx’s service was both professional & friendly. I also received follow up emails/messages to check that everything was ok - outstanding customer service. I have found Swyftx to be modern...
Vamsi Chowdary
Very good customer support for changing mobile number
James B
Swyftx was easy to set up, with clear instructions and a nice layout. It's easy and fast to use. What I have been most impressed with is their customer service. Fast, helpful and personal. An actual person responding, not being re...
Jodi Crane
The staff in chat are very polite and helpful. Seems to be a pretty easy platform to navigate around in. Lots of help info and they seem very thorough.
Jason
Used the in app chat for a question and received a prompt reply within the app and an email. Also deposited funds are available within 5 minutes and withdrawals to my bank account have been instant (after the first withdrawal wh...
Joel dCB
I’m really impressed with the quick, personable customer service I receive from the gang at Swyftx. Also, Swyftx has a great app which is super easy to navigate. Finally, I have found that withdrawals of AUD arrive back in my ba...
Tom Dawson
The support team over at Swyftx were efficient and friendly when I needed a hand adding a referral to my account for the 2nd time. Thanks!
Ray Hinde
Great service. I had an issue with a withdrawal not going through. When I contacted swyftx to query it they began fixing it right away and it went through soon after. Gold.
James Lock
I set up an SMSF with Swyftx which requires a few steps outside of their usual sign up process. I've also added additional accounts which needed 'custom' KYC verification, and every time they were more than willing to work with me...

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Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

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