Buy Polkadot (DOT) in Australia

Polkadot Price

1 DOT / AUD 9 .2374
−5.64%
Aud Australian Dollar
Dot Polkadot

How to buy Polkadot (DOT)

Register, deposit and trade in 5 minutes.
  • 1. CREATE ACCOUNT

    It’s FREE to join!

    Sign up is fast, secure and designed to keep your data protected.
  • 2. DEPOSIT FUNDS

    PayID, NPP or ETF

    You can instantly deposit funds into your account 24/7 via PayID. NPP or your Australian bank account.
  • 3. BUY POLKADOT

    Low trading fees

    Enter the dollar amount you want to trade for Polkadot (DOT) and click “Buy”.

What is Polkadot?

Polkadot is an open-source blockchain and cryptocurrency. It is a fully interoperable and highly scalable multi-chain application platform. Polkadot’s network nurtures innovation and hosts a growing ecosystem of emerging Web3 technologies.

Blockchains are built to operate without central control. They have developed separately, using their own programming languages and consensus mechanisms. This has made it difficult for independent chains to exchange information because there is no technical standard. Polkadot was specifically created to solve this issue.

A world-first

Polkadot offers a unique solution as the world’s first layer-0 protocol. It connects independent blockchains and enables them to share data in a trustless manner, using their own fuels, governance, and special functions. This is a game changer as it makes it simple for developers, content creators, and token holders to use decentralised products and services together.

Polkadot connects the dots! Its core relay chain unites a city of blockchains into one interconnected network, comprised of parachains and parathreds. They share common resources and utilise the security and scalability of Polkadot to process fast and cheap transactions. Through bridges, they can also connect to blockchains outside the network, like Bitcoin and Ethereum.

Integrated features

Polkadot’s integrated security features and cross-chain capabilities allow digital assets and smart contracts to be sent between chains effortlessly, using Polkadot’s Cross-Consensus Messaging Format (XCM). Polkadot also provides an out-of-the-box blockchain-building framework that developers can use as a starter kit to build their own decentralised applications (dApps) using Polkadot’s programming language, Substrate.

Polkadot (DOT) is one of the top cryptocurrencies by market capitalisation. The native token of the Polkadot blockchain is DOT, which powers the entire network.

Buy Polkadot (DOT) on the go

Buy and sell Polkadot (DOT) and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.

Frequently asked questions

The best place to buy Polkadot (DOT) in Australia

See why we are voted Australia’s best cryptocurrency exchange
  • Lower fees

    Lower fees

    Trading from 0.5% down to 0.02%
  • 24/7 support

    24/7 support

    Our team of experts are on hand to help with any issue you might have
  • Voted #1

    Voted #1

    Digital Currency Exchange of the Year 2019-2021

How we treat client assets

No commingling of customer funds: We keep client assets completely separate from our own.
1:1 reserves

1:1 reserves

We keep 1-to-1 reserves of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

Segregated funds

We maintain complete segregation of our customers’ crypto and fiat assets. We ensure that your funds are kept safe so that when you need to make a withdrawal, you can. That is our promise.

Sole custodian

Sole custodian

Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.

Explore our features

Buy Polkadot with your SMSF

We are trusted by thousands of SMSFs to purchase crypto. We provide:

  • A streamlined banking solution
  • Compliant, audit-friendly reporting
  • Premium grade security
  • OTC trading desk

Polkadot (DOT) OTC desk

Our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges.

Whether you are looking to trade Polkadot (DOT) or other cryptocurrencies OTC from $50,000 to $50 million, our industry-leading desk will provide you with seamless trade execution and settlement services that are discreet, secure and ultra-competitive.

Get started today

Register, deposit and trade in 5 minutes.

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