How to Buy Polkadot on OKX

Do you need some guidance on how to buy Polkadot on OKX? Here is a short, simple, and thorough guide on how to buy DOT on OKX.

A Step-By-Step Guide on How to Buy Polkadot on OKX

1. Register an Account

Let’s start by creating an OKX account. Follow our link to the website and fill out the registration form.

2. Verify Your Account

You will see a profile symbol on the upper right side of the OKX website. Click on it to see your profile. Go to the “Verification” tab.

Before you can verify your account, you must select an account type. We will describe how to open an individual account for traders.

For individual verification, you must enter your name and last name, as well as a valid ID number that matches your government-issued ID. 

3. Deposit Funds/Crypto

Go back to your profile overview page to make a deposit.

As you can see, you can make a crypto deposit to OKX from external wallets. So for example, if you have digital assets in a wallet outside of OKX, hit “Deposit.”

You will be able to select the assets you want to deposit and receive wallet addresses you can use for crypto deposits.

You can exchange these assets for Polkadot through OKX’s Spot Trading feature.

Of course, many users don’t own any crypto assets at this point. If that’s the case, you can buy Polkadot on OKX with credit cards and other payment methods.

Click “Buy with Credit Card” to proceed to OKX’s Easy Buy feature.

4. Navigate to the Relevant Screen to Buy

If you want to buy DOT with fiat currency, you must use OKX’s Easy Buy feature.

Easy Buy

It’s quite simple: Enter how much money you want to invest in DOT into the form and select Polkadot (DOT) as the cryptocurrency you want to receive.

OKX supports over 95 national currencies so you have plenty of options.

You will see an estimate of how much DOT you will receive on the form. Click “Buy DOT” to continue.

 

Next, you will select a payment method. There are a lot of options, so choose the most convenient payment method for you.

Once you decide on a payment method, click “Verify.” 

The last step is to visit the payment method website and confirm your transaction. If you don’t have an account on any of these payment providers, you can sign up for one at this stage.

Spot Market

That’s how to buy Polkadot on OKX with fiat currency. But what if you want to buy Polkadot with cryptocurrencies?

Well, that’s also quite easy. You have two options here: You can use the OKX Convert feature or the Spot Market, both of which you can access through the “Trade” tab.

OKX Convert allows you to swap digital assets very easily: you fill out a simple form by selecting the assets you want to transfer and the amount. OKX immediately executes your order at a set market price. However, the prices are more expensive compared to what you can find on the spot market.

The cheapest option is to use the Spot Market. Just click “Trade” and select “Spot Trading.” In the trading interface, search for “DOT” using the markets panel on the left. OKX offers Polkadot trading markets for USDT, USDC, Bitcoin, and Ethereum. If you have one of these currencies, you can sell them for DOT by filling out the order form on the right side of the page.

If you have different digital assets, you can sell them for one of these currencies and then buy DOT.

Most beginners find the Easy Buy and Convert features simpler to use and often prefer to go with these methods. There is nothing wrong with buying DOT with these methods, but learning how to navigate the spot market will help you become a more efficient trader.

Hopefully, this guide will help you purchase DOT easily! You can also browse our website for other helpful guides, including exchange reviews and coin comparisons!