🔥 Polkadot Buy Instructions | Paypal, Credit Card & SEPA

Polkadot website

Investing in cryptocurrencies as well as speculating with digital currencies is enjoying increasing popularity. This is mainly due to the possible profits that can be achieved in the course of crypto investments.

It is important that you not only deal with the possible gains, but also take a look at the risk. It also needs to be clarified which cryptocurrency you want to work with. Ultimately there is next to Bitcoin and Ether still other digital currencies. For example Polkadot.

‍ Buy Polkadot from Germany, Austria & Switzerland Instructions:

Polkadot CoinMarketCap Price Chart

Once it goes up steeply, then it goes downhill again at full throttle: The crypto market is volatile and also unpredictable, so it is always good for surprises. This is also the reason why one should be extra careful when planning to put money into digital money.

It should be noted that it does not matter whether you are resident in Germany, Austria or Switzerland. In the end, it's about you a suitable broker at his side, in order to be able to be sure, at least here, that there is no risk of fraud on the part of the provider. Experience reports such as customer opinions that can be found on the Internet are helpful here.

Libertex website

One provider that is often mentioned when it comes to working with cryptocurrencies is Libertex. Because Libertex offers the advantage that you are not just with crypto currencies can speculate, i.e. CFD trading, but also scores as a classic online broker. There is a multitude of assets that can be worked with.

Step 1: Register with Libertex

Create a Libertex account

If you are of the opinion that Libertex fulfills the personally set requirements such as ideas, nothing speaks against a registration or registration.

Libertex only requires some private information. This includes, for example, the first and last name and an email address. Enter a user name and a password. With the password, however, you must ensure that you not only generate a combination of uppercase and lowercase letters and digits, but also integrate special characters.

The registration process usually only takes a few minutes.

Step 2: Deposit with PayPal, credit card or instant transfer

Libertex deposit methods at a glance

Particularly noteworthy are the many deposit methods that are accepted by Libertex. Because some online brokers only accept payment by credit card or bank transfer - Libertex, on the other hand, convinces with a true variety. You can of course top up your account with your credit card or bank transfer, but you also have the option of one of many eWallets to use.

Depending on the selected payment method, the money is available immediately or after a few working days in the Libertex account.

Step 3: buy and sell polkadot

Libertex Mobile Trading Platform

If you are of the opinion that the price of the cryptocurrency will rise, you should open a long position. If one thinks that the price will be corrected downwards, then a short position should be opened. The advantage of opting for CFD trading? One can speculate with rising and falling prices.

The volatility of the market just cannot be underestimated. This can lead to serious price fluctuations at any time - if you forego risk-reducing instruments here, you run an extremely high risk.

Polkadot buy deposit methods

Depending on the payment method accepted, there are different ways of doing this Polkadot cryptocurrency coins to buy. It's important, that the online broker or the crypto exchange accepts the payment method and there are no deposit fees which then reduce the amount to be invested.

Polkadot buy PayPal

PayPal may be a popular online payment service, but it is only accepted by a few online brokers. So who? Use PayPal must check in advance whether this payment method is made available by the online broker. The big advantage? With PayPal, transfers can be made in real time.

Buy Polkadot Sofortüberweisung

This is also the case if you opt for the instant transfer. The advantage that you have here compared to PayPal? You access your bank account and don't have to top up a third-party account with credit. The transfer process is uncomplicated - as the name of the payment option suggests, the money is then also immediately available in the account.

Polkadot buy credit card 

Immediate transfer can also be expected when paying by credit card. However, it should be noted that there are some providers who require a deposit fee when using the credit card service.

It is important that you take the limit of the credit card into account and make sure in advance that you also have the card from the supported institute. So if the online broker only accepts VISA and MasterCard, you will not be able to make a deposit with Diners Club.

Buy polkadot with Paysafecard

The Paysafecard may be another way in which to buy polkadot. However, this variant is only rarely accepted by online brokers.

How to buy and sell polkadot

Would you like coins of the cryptocurrency Polkadot buy or sell so it is important to look at the price. This means that you should define for yourself in advance at what price you should buy and at what price you should sell again in order to be able to achieve a substantial profit. The long-term strategy may be particularly interesting here - that is, the Cryptocurrency coins are sometimes even held for several years until a price is reached that is still considered absolutely unrealistic today.

  • Buy polkadot without registration: Buying without registering may be difficult or even impossible. There a Buying Coins is only possible via an exchange or a marketplace for crypto currencies, you have to register in advance in order to get access to the crypto market.
  • Buy Polkadot anonymously: This is also the reason why an anonymous purchase of crypto currencies is not 100 percent possible - data must be provided in the course of registration
  • Buy polkadot without verification: However, many providers first require a verification of the data in the course of the credit payout, so that one can at least say that a purchase without verification is possible.

Where to Buy Polkadot Cheap: Crypto Exchange Fees Comparison

Before deciding on an online broker, it is important to take a look at the fees - because fees have a negative impact on profits and should therefore be as low as possible.

eToro Plus500 Libertex
Deposit fee - - -
Withdrawal fee $ 5 1,9% -
Purchase fee 1,9% 3,08% 0,41%
Holding fee - 0,05% -

Buy polkadot or not: Is it worth buying polkadot

Polkadot CoinMarketCap Markets Overview

Polkadot is in 10th place in the ranking of the top 8 cryptocurrencies in terms of market capitalization (as of the end of May 2021). The all-time high was set on May 15, 2021: 49,35 US dollars.

Due to the fact that the project is promising and Polkadot already seems to be a cryptocurrency that has arrived in the middle of society on the basis of market capitalization, nothing speaks against it an investment in this cryptocurrency.

Other special features when buying a polkadot

Gavin Wood, a Ethereum-Co-founder, launched Polkadot in 2016. In 2017, one year after the introduction of Polkadot, an initial coin offering raised more than 145 million US dollars.

Polkadot Founder Gavin Wood

Polkadot is an open source protocol that is intended to enable cross-blockchain transfers - regardless of whether they are assets or data. This means that you can interact with various blockchains in the Polkadot network. The native token DOT fulfills three purposes: staking, bonding and governance.

Staking means that network security should be increased by giving very good players rewards and so-called bonding tokens; these ensure the use of new parachains. In addition, governance means that users who then hold DOT subsequently have control over the protocol. Polkadot is supported by the Web3 Foundation, a Swiss NGO. The Foundation develops and maintains the project.

Polkadot supporters Web3 Foundation

The goal that is being pursued here? One is planning - as is the case with (almost) all projects that work on the basis of blockchain technology - the revolution of the Internet. The founders promise that Polkadot will lead to a completely decentralized web in which only the users can have full control. You want to connect the various blockchains with each other via the multi-chain and ultimately ensure that everything runs from DeFi to the Internet of Things and smart contracts.

Buy polkadot Conclusion: This is the best way to buy polkadot

We at Bitcoin-News.one find that it is currently difficult to assess whether an investment in Polkadot will be worthwhile. The project looks promising, but Polkadot is still in its infancy, so to speak. However, the forecasts are promising - especially because the entire crypto market could gain strength in the foreseeable future. So Polkadot would also benefit from it.

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Rebecca Tilden

There is no doubt that cryptocurrencies and the technology behind them are our future. Rebecca Tilden strives to make the transition easier for everyone by providing useful information to be part of the revolution.

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