Sell Polkadot in Singapore (DOT)
How to sell Polkadot in Singapore
Register, deposit and sell in 5 minutes
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1. Create account
Securely register your personal, or business account and verify your identity.
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2. Deposit
Instantly deposit Polkadot and other crypto assets 24/7.
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3. Sell Polkadot (DOT)
Place a market or limit sell order. Alternatively, use our OTC desk for high-value trades.
There are multiple ways to sell
Market sell
Limit sell
OTC sell
Auto & API sell
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Made for you
Create a personal or business account. Access the award-winning platform 24/7 using the website or mobile app.
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Instant deposits and withdrawals
Access the cryptocurrency market 24/7. Instant SGD deposits with PayNow or FAST, and instant SGD withdrawals using FAST.
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Low fees
Trading fees start at 0.5% and go down to 0.02%. Low fees apply to instant, crypto and SWIFT withdrawals.
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Multi-currency trading
Buy and sell Polkadot and other popular cryptocurrencies with SGD or USD.
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Sell Polkadot on the go
Buy, sell and track your cryptocurrency portfolio, anywhere and anytime with the Independent Reserve app.
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Protecting your assets is our top priority
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and digital assets.
We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.
Audited and licensed
We are the first crypto exchange to be licensed by MAS.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal, you can.
We keep your assets safe. That is our promise.
Single purpose asset utilisation
We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt).
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What is Polkadot (DOT)?
Polkadot is a multi-chain application platform and cryptocurrency. Its open-source protocol is built for interoperability and interconnectivity between blockchains. Polkadot fosters the development of innovative Web3 technologies. The network is made to scale and can support a wide range of decentralised products and services.
Blockchains (in general) are built, secured, and governed with decentralisation in mind. They are written using various programming languages and operate on different cryptography systems. This has made things challenging when it comes to cross-chain integration. Polkadot seeks to provide a solution.
A platform for Web3
Polkadot is the first layer-0 protocol in the world. It enables different blockchains to share information and digital assets in a trustless and secure manner, while retaining their own governance and tokens. This is groundbreaking because it makes it simple for people to use blockchain-based applications together.
Polkadot fulfils its primary purpose of connecting blockchain networks through parachains and parathreads. They delegate their consensus and security computations to the relay chain, Polkadot’s central component, to process fast and congestion-free transactions. Polkadot can also connect to independent blockchains like Bitcoin and Ethereum through bridges.
Built-in capabilities
Polkadot provides a foundation for layer-1 projects to build on top of, without having to start from scratch. It features an out-of-the-box building environment where developers can create their own decentralised applications (dApps) using Polkadot’s own programming language, Substrate. It enables smart contracts to be exchanged seamlessly across chains using Polkadot’s XCM consensus messaging format.
The native token of the Polkadot blockchain is DOT, which powers the whole Polkadot ecosystem and is currently one of the top cryptocurrencies by market capitalisation.
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