Best Polkadot Exchange (September, 2023)
Despite currently trading below its all-time high of $53.98, Polkadot made a 240% jump in two years, which is an impressive feat. Its interactive capabilities have made it a centre of attention for developers. Hence, the growing investment opportunities for the best Polkadot exchange.
Thankfully, you can safely transact the altcoin on several exchanges or platforms, enjoying the benefits of its growing popularity.
These exchanges are available on desktop and mobile devices to provide the needed flexibility and versatility, regardless of your trading volume. You can list your assets for sale in a few swipes or purchase the altcoin on the best Polkadot exchange.
We have just the list for you to pick the top Polkadot exchange to pitch your tent. As you will see, these platforms have features that make trading seamless. So, here is a list of the top online trading platforms for this trending altcoin.
Top Seven Best Polkadot Exchange to Use
The following are the leading exchanges for your Polkadot trading needs:
1. CoinSmart
Although CoinSmart has a limited number of cryptocurrencies, it might just be the best Polkadot exchange you need. It has a blend of outstanding features tailored to the Canadian population. Nevertheless, it is a global trading platform for crypto enthusiasts.
CoinSmart’s global reach brings benefits, including finding sellers and willing buyers effortlessly. It has a well-designed user interface and a quick onboarding process. The rest of the trading process is intuitive, and you should not have trouble finding your way around.
The exchange stores the data on offline or physical sites. One thing that quickly indicates CoinSmart as the best Polkadot exchange is its Securities Dealer license. As one of the few crypto online trading platforms with that designation, that is a remarkable achievement.
Features of CoinSmart
CoinSmart’s outstanding features include but are not limited to the following:
- Payment Options: Users have multiple options to fund their accounts, including e-transfer and debit cards.
- SmartGuarantee: CoinSmart incorporates this handy feature, which verifies new users’ accounts instantly.
- Transaction Fees: Coinsmart has relatively low fees and zero fees if you transact in Canadian dollars with a bank wire or draft.
- There is an Over-the-counter trading platform for large transactions.
- GetSmart Hub: This feature provides resources such as how-to guides and blog posts.
2. Bitbuy
Today, BitBuy ranks among the leading exchanges and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). You can download the platform on your smartphone or visit the website on your desktop. Either way, the interface remains intuitive, even for someone completely new to crypto trading.
Bitbuy has all it takes to be the best Polkadot exchange, from the interface to the trading features. The mobile application, which has a 4.6/5 rating on the App Store, supports biometric authentication for extra security. Nevertheless, you can secure your desktop portal with 2-factor authentication.
Bitbuy supports over 25 cryptocurrencies, meaning you can buy or sell the DOT token for other altcoins. You have several withdrawal methods but can only withdraw in Canadian dollars.
Features of BitBuy
Here are a few features of BitBuy:
- Mobile App: The mobile application provides versatility and can handle almost every task as the desktop version.
- Bitbuy Pro: This platform brings additional functions, including integrating trading view charts, lower fees, and trading pairs.
- Bitbuy Express: This feature is an ideal option for beginners, thanks to its swift trading process. New users can start buying and selling cryptocurrencies with a few clicks.
- Transaction Time: Withdrawals through bank and wire transfers take two to three working days.
- Customer support includes email, direct messages, and live chat.
3. Gemini
Having Gemini on your mobile device gives you access to over fifty cryptocurrencies and 20-plus trading pairs. That makes it easy to buy and sell Polkadot from the comfort of your sofa. To top it all, the interface experience is smooth and fluid.
New users will have no trouble navigating Gemini’s features. Its user-friendly design could make it the best Polkadot exchange, save for a few limitations.
With over sixty countries under its belt, finding a buyer or seller for Polkadot should not pose a challenge. Massive platforms like this are your best bet for benefiting from the growing popularity of DOT. It offers several advanced features to enable smooth transactions.
Features of Gemini
These are some outstanding features of Gemini:
- Gemini Wallet: The proprietary wallet is available to store your cryptocurrency assets if you do not have a crypto wallet.
- Gemini Earn: You can earn interest on some of your crypto holdings with the exchange.
- ActiveTrader: This feature provides advanced functions like charting and crypto-to-crypto trading. You also get benefits like anonymity and lower costs.
- Gemini Pay: You can use this feature to make purchases with cryptocurrency. The platform will connect you to over 30,000 retailers.
- Cryptopedia: This feature contains resources about blockchain, DeFi, NFTs, etc., for new users.
4. Coinbase
You can expect stellar services when you trade DOT on a large platform like Coinbase. Thanks to its convenience and advanced trading features, it effortlessly outshines many as the best Polkadot exchange.
Coinbase not only features 150 cryptocurrencies; it also has one of the most extensive trading pairs, at 450. That is a nifty addition that proves helpful when you want to skip fiat currency for altcoins. Add that to the snappy feel of the platform, and you have a robust exchange to beat.
Registering with Coinbase takes a few minutes, as does linking your bank account. When connecting your account, you can use the data transfer network PLAID to reduce trading costs.
Features of Coinbase
Coinbase is an impressive trading platform, hence its feature in this list of the seven best Polkadot exchanges. Some of its features include:
- Coinbase Pro: In addition to the advanced charting functionalities, users will also enjoy lower fees with this feature. You can even get free transfers. However, it is an advanced platform for professional traders.
- Coinbase Pro Wallet: This exchange holds users’ crypto assets in its proprietary wallet without charges. Nevertheless, users will not enjoy insurance, unlike with fiat currency.
- Coinbase Learn and Earn: This feature makes learning fun, as you can earn cash rewards after completing lessons.
- Activity Dashboard: A glance at this dashboard will bring you up to speed on everything you have done.
- Coinbase Prime: This option is available for those who want to invest heavily in Polkadot and other altcoins.
5. KuCoin
With over 200 cryptocurrencies, Kucoin has become the go-to hub for crypto enthusiasts. The platform launched in 2017 and is currently available in 400-plus markets worldwide. In addition, it supports 17 global languages for ease of access.
Such reach brings endless possibilities for trading the DOT token. It might be number five on our list of the best Polkadot exchanges, but it’s a spectacular platform. You will experience bliss, from the friendly user interface to the extensive range of crypto services.
You can make purchases with your debit and credit card, regardless of which token you want to buy. With bank-level security, the exchange keeps users’ data and funds safe from hackers. Also, crypto assets enjoy the services of the largest private insurance broker, Lockton.
Features of KuCoin
The following are KuCoin’s most prominent features:
- Instant Exchange: You can quickly trade your coins for other crypto assets on Kucoin. However, the selection of supported transactions is limited.
- P2P Marketplace: If you want to buy cryptocurrency from other merchants with fiat currency, the P2P Marketplace is your best bet. This feature from Kucoin allows payment through PayPal, Interact, and wire transfers.
- Margin Trading: You can use this feature to long or short 36 ETH, BTC, and USDT market pairs using up to 10x leverage.
- Futures Trading: This feature allows users to trade margined contracts at 100X leverage. However, it is limited to Bitcoin and Tether contracts.
- Kucoin Lend: You can lend your crypto assets to fund margin accounts while earning interest.
6. Kraken
You can meet your Polkadot needs at Kraken, a secure digital exchange. It debuted just two years after Bitcoin revolutionized the crypto industry. The platinum features could effortlessly place it as the best Polkadot exchange.
Kraken offers over 160 coins for its global users. With low fees, support for staking and earning, and tight-knit security, it is not hard to see why the exchange is a premium one. Also, the extensive cryptocurrency support is something experienced investors will find helpful.
Kraken’s positive outlook continues with its 130 trading pairs. You can opt for the advanced option for more functionality and features.
Features of Kraken
- Over-the-counter Trading: Kraken offers liquidity and personalized service to those who opt for high-worth trading.
- Cryptowatch: This feature offers insight into 2,000 markets at a glance. You can create price alerts using price and volume.
- Fiat payment options: The platform charges zero fees when you buy Polkadot or other coins with Canadian dollars.
- Margin Trading: You can trade at a position higher than your deposit. Although risky, the returns could be substantial.
- Account Management: This feature gives you personalized functions to manage your account.
7. Uphold
Traders who want a multi-asset exchange will find Uphold quite handy. The platform supports over 200 cryptocurrencies, fiat currencies, commodities, and stocks. You could say it’s the trader’s dream, as it has everything in one place.
The user-friendly design makes navigation fluid. You can deposit from your bank or use a credit card. However, the fees on Uphold are pricey, something active traders might find uncomfortable.
Features of Uphold
- Multi-asset trading: Aside from Polkadot, you can trade fiat currencies and equities.
- Uphold MasterCard: Uphold’s MasterCard supports purchasing digital coins, commodities, and other investments.
- Staking: You can stake eligible currencies in your portfolio and earn annual percentage yields as high as 19.6%.
- Digital Wallets: This feature gives you access to different wallets to store your coins.
- Automated Trading: Uphold allows users to schedule transactions using dollar cost averaging.
Is Polkadot a Good Investment?
Polkadot climbed over $50 billion in its 2021 market cap, making it one of the best-performing crypto assets of that year. You can get the coin on any of our seven best Polkadot exchanges, which is a sign of its growing popularity.
Polkadot had a remarkable run in 2021, with investors throwing their weight behind it. Developers latched on to the platform, further increasing its popularity. However, it ended 2021 on the low.
Price Prediction forecasts the DOT token to reach $14.12 by 2023 and $28.39 by 2025. Although still far from its all-time high of $53.98, the forecast shows an increase in value.
Considering that previous investments were due to the influx of developers, the same holds for the future of Polkadot. If developers continue working with the blockchain, we should see a remarkable increase in its value. Otherwise, investors will shy away from the blockchain.
Best Polkadot exchange conclusion
Getting your trades on the best Polkadot exchange brings flexibility and versatility. You will enjoy the presence of several features, including advanced charting, real-time dashboards, etc. Essentially, it will offer everything that makes trading the DOT token seamless.
Our top seven best Polkadot exchanges list gives you even more options. Although not exhaustive, they are an excellent starting point for buying and selling this relatively new and popular cryptocurrency.
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