Polkadot is a blockchain platform that allows developers to create their own blockchains on top of its existing infrastructure. The multi-layered Polkadot network consists of two different types of blockchains, the relay chain and parachains.
While the relay chain is permanent and provides a base for the parachains, the parachains are user-created and benefit from the relay chain's security.
Launched in 2020, Polkadot was founded in 2016 by Ethereum co-founder, Gavin Wood, alongside Peter Czaban and Robert Habermeier. The platform provides the foundation for a decentralized web and an easier creation of applications.
Polkadot is one of the most well-funded blockchain projects in history.
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then exchange these funds for DOT, or any other coin or token, with a click on the Tap app. Always be on the same page as the rest of the market with Tap's smart engine.
In terms of using your debit card, you can purchase Polkadot directly with your debit card on the Tap app in one smooth process. Deposit funds absolutely free of charge, then purchase your DOT for the best price currently available.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Polkadot at some of the market's greatest rates. Exchange cryptocurrencies and fiat currencies at your leisure securely and conveniently with a very competitive fee.
Be at ease onboarding cryptocurrencies knowing you're using a fully regulated provider. Tap offers cutting-edge technology, token features and top security processes enabling biometric login and backend encryption and excellent customer support. You can rest assured that your funds, private data and account are secure at all times.
Tap mobile app is the solution to all your cryptocurrency problems, from where can you buy DOT tokens, to finding a fair fee, to how to store Polkadot. Become a savvy investor with Tap as your guide today.
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Trading with Tap automatically gives you access to the platform's smart engine which finds you the best available price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price.
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Frequently Asked Questions
Polkadot is a blockchain platform that allows developers to create their own blockchains on top of its existing infrastructure, with the relay chain acting as the main chain and users able to create parachains. This enables cross-blockchain transfers and cross-chain interoperability between blockchain networks. To start trading you will need to buy Polkadot DOT on a reputable crypto exchange.
The creators of the decentralised Polkadot protocol wanted to create a blockchain environment that is able to have multiple chains, instead of multiple dapps built on one blockchain. The Polkadot blockchain has proved valuable in the development space, and is highly regarded as one of the top "Ethereum killers".
Staking DOT involves locking your DOT token in the network and earning rewards for participating in securing the network. In order to participate in staking DOT you will need to buy Polkadot DOT tokens.
You can always access the Polkadot price in your Tap app. Simply select Polkadot from the options available in the crypto wallet and get immediate access to the price in real-time. You can then buy Polkadot online directly through the Tap app.
Users are able to send transactions with zero cost on the Polkadot network, this is referred to as a "zero-cost blockchain transaction fee" in the ecosystem. Developers are still required to pay gas fees, these, however, are minimal compared to the Ethereum network.
Many investors seek to hold digital assets over a long time in anticipation of the price rising. Having said that, there is a possibility of market risk when investing in crypto assets as investors are exposed to fluctuations in the crypto asset market. This is not financial advice and we encourage you to do your own research and decipher that information accordingly. As the space remains largely unregulated, be aware of any cryptocurrency exchange that sounds too good to be true. You can buy Polkadot DOT tokens securely through Tap, simply download the mobile app and create an account.
Ensure that you buy Polkadot DOT through a reputable cryptocurrency exchange. You can buy DOT tokens directly through the Tap app making Polkadot trading easy and accessible to everyone. Simply create an account, complete the identity verification process, and deposit funds. Once the funds clear you can buy Polkadot instantly and store the coins in the integrated wallet provided.
While there are plenty of opportunities to buy Polkadot DOT on crypto exchanges as a retail investor, you can both buy and store DOT in the integrated wallet in your Tap app for a highly secure and convenient option. Each wallet is secure and designed to provide fast and efficient access while still upholding the highest standards of security.
At the time of writing, the Polkadot network has over 987 million DOT tokens in circulation.
Gain access to the world of cryptocurrency with a fast and safe platform to buy, sell, spend, and store your digital assets. In just a few clicks you can create an account, get verified, and start buying, selling, spending, and storing your digital assets in one secure location. Tap Global is fully regulated and provides a seamless crypto experience. Better yet, Tap's smart engine allows you to take advantage of the best prices available on the market at the time of your trade. If you're looking to buy Polkadot instantly, get started today by downloading the Tap mobile app.