Where to buy Polkadot
DOT has been around for a few years and is a popular token available on most exchanges. Because it’s so widely available it makes sense to choose a well-established broker. Below are some of our recommended trading platforms from which to buy Polkadot instantly.
Why buy Polkadot (DOT)?
In his own words, Gavin Wood said that: ‘what we currently have is a patchwork…of independent and isolated legal systems of the internet…creating borders when borders don’t need to be there.’
The solution? Wood’s pet project, Polkadot, is a sort of technological fabric upon which dApps can more easily be built and where they can coexist and interact. In Wood’s opinion, these independent algorithms will become businesses in their own right, changing the way people work, play and interact with one another through technology.
The key takeaway is, the Polkadot network has gone beyond the idea of a single blockchain running smart contracts that suffer from congestion and bloat to parachains that operate side by side, and are greater than the sum of their parts. Wood sees the world as belonging to coders who deploy and monetise their knowledge on the blockchain.
Web3 is becoming more real and more usable each year and Polkadot is at the heart of this movement. Above all, Wood proposes there is an element of every economic transaction that can now be automated, something that is central to human emotion, and that is trust. By having so-called trustless systems in place, where flawed human intervention can interfere with transactions, Wood envisages a future in which technology removes this point of friction.
This approach has led to the blooming of a vibrant and committed community that believes Polkadot has a good chance of not only shaping the future but being part of it. So, whether you take an idealistic stance and want to be a part of Polkadot’s community and vision, or you just want to own some DOT as an investor because you think the underlying business is sound, you will need to have some DOT in your portfolio.
Where to store your DOT
A lot of people keep their assets on an exchange, which is okay for the short term. However, for added security, it's worth transferring your tokens to a non-custodial wallet such as Metamask. Better still, hardware wallets such as the Ledger Nano S provide even more security. Below are some recommended hardware wallets to consider.