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Polkadot DOT

Find out detailed information about the Polkadot (DOT) and easily buy or sell at the real-time exchange rate.

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Polkadot(DOT) price - exchange rate 2/21/2024 9:09 PM is 6.77 EUR. In dollars the price is 7.273 USD.

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This is for informational purposes only
This is for informational purposes only
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How to buy Polkadot (DOT)?

Follow 4 easy steps to purchase DOT.


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Frequently asked questions

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What is the Polkadot (DOT) price - exchange rate today?

On 2024-02-21 the current Polkadot price/exchange rate is 6.77 EUR.

What is Polkadot (DOT) and how does it work?

Polkadot is a new generation open-source blockchain protocol (multichain) that combines multiple blockchain networks into a single network.

Combining multiple blockchain networks within one unique network aims to establish a fully decentralized and user-controlled private web, and provide an easy way to create new applications and services.

The idea behind Polkadot is to create a basic structure that should enable a large number of blockchains and other chains to securely exchange information or transactions with each other.

The Polkadot protocol consists of 4 main components:

  • Relay Chain - the core of the network that allows consensus building, information sharing, and security through all blockchains within the network.

  • Parachains - independent "chains" that can have their own tokens and that can be created for different purposes. Tokens or data can be communicated and exchanged between them.

  • Parathread - works in a similar way to parachains

  • Bridges - allow parachains and parathreads to connect and communicate with external blockchain networks such as Ethereum.

The Polkadot network has its own DOT token.

How many Polkadot (DOT) coins are in circulation?

At the time of writing this text, there are around 1,2 billion Polkadot tokens (DOT) in circulation. 

The maximum number of DOT tokens that can be in circulation is not defined.

The smallest unit in the Polkadot system is Planck and its value is equivalent to 0.0000000001 DOT.

What are the benefits of Polkadot (DOT)?

Polkadot is the “Multichain” network which means that it unites several blockchain networks. 

Because it combines multiple blockchains it can process multiple transactions simultaneously (via multiple parallel chains or “parachains”).

The Polkadot blockchain network is flexible which enables the faster exchange of information between users and better functionality. 

Networks and applications on Polkadot can share information and functions without having to rely on centralized service providers. 

Polkadot can be automatically upgraded. It can easily implement new features or remove bugs.

The network is very sophisticated and fully customized for the end-user. 

This means that users can easily customize and use the network depending on their needs.

How to mine Polkadot (DOT)?

Polkadot token (DOT) cannot be mined since it uses the Proof-of-Stake (PoS) protocol. 

If you want to "earn" a DOT token, you must already have a certain amount of DOT tokens. 

Once you have your own DOT you will have the opportunity to participate in using, managing the network, and, maintaining its security for which you receive a certain reward in the form of a DOT token.

The reason for this approach is Polkadot's highly sophisticated management system in which all DOT holders have the "right to vote".

Polkadot uses the Nominal Proof-of-Stake (NPoS) mechanism to select validators and maximize chain security.

This unique validation method allows all blockchains to securely interact with each other under the same rules, while network independence remains intact.

Who is the founder of Polkadot (DOT)?

The Web3 Foundation launched Polkadot as a functional secure and fully decentralized website.

It is a Swiss foundation founded by Dr. Gavin WoodRobert Habermeier, and, Peter Czaban

Gavin Wood is also known as one of the co-founders of Ethereum and as one of the creators of the Solidity programming language for "smart contracts".

How to buy Polkadot (DOT)?

On the Bitcoin Store platform, you can easily buy Polkadot and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

  • internet or mobile banking
  • card deposits (VISA, Mastercard)
  • bank transfer
  • payment slip
  • cash payment in the Bitcoin Store physical exchange office

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

How to sell Polkadot (DOT)?

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

Can I buy or sell Polkadot (DOT) for cash?

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

Where can I store Polkadot (DOT)?

You can store Polkadot in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

  • desktop wallet
  • mobile wallet
  • online wallet

Cold Wallets include:

  • hardware wallet
  • paper wallet

You can also store DOT on your own Bitcoin Store Wallet

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can:

  • store more than 170 cryptocurrencies
  • deposit, withdraw, and store funds in EUR
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Bitcoin Store Wallet

Registered users have free access to the Bitcoin Store Wallet (digital wallet) on which you can safely store more than 170 cryptocurrencies. Simply make a deposit and withdraw funds or transfer crypto to other digital wallets.

Securely store Polkadot on Bitcoin Store Wallet
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Polkadot price, investment and fees

Real-time Polkadot price 2/21/2024 9:09 PM is €6.77.

How often does the Polkadot (DOT) price change?

Cryptocurrency prices are updated every second according to the rates of global stock exchanges. The exchange rate list of the Bitcoin Store platform shows the middle exchange rate for cryptocurrencies. When buying or selling cryptocurrencies, the buying or selling rate (with the fee included) will be displayed.

What is the fee for buying or selling Polkadot DOT?

Bitcoin Store does not charge a commission when buying or selling cryptocurrencies. Cryptocurrencies are bought / sold exclusively at their buying or selling rate. Bitcoin Store exchange rate can vary by 1% to 4% compared to the rates of global exchanges. The exchange rate can be changed with respect to the requested amount when placing orders. Depositing and withdrawing funds from the Bitcoin Store Wallet is free of charge.

What payment methods do you support?

Bitcoin store supports buying / selling cryptocurrencies via: Bank transfer (SEPA), cash payment, Internet and mobile banking, Transferwise, Revolut (entering “Reference number” within the Reference field is mandatory)*.

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