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 Polkadot 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 DOT token, log into the Swyftx crypto exchange, enter an amount of Polkadot you want to buy, or the Australian dollar equivalent of how much you’d like to purchase. If you’re happy with the price, tap the ‘Buy DOT’ button to complete your Polkadot purchase. You can deposit funds via bank transfer, POLi, PayID, or credit/debit card and then once the funds have landed in your account you can instantly buy Polkdot and other cryptocurrencies.

Once the transfer is processed, your account balance can be used to buy Polkdot and other digital currencies. Once your purchase is complete, your DOT will be available in your Swyftx hosted online 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 Polkadot.

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 buy 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.