How to buy Polkadot (DOT) in UK

The best option to buy Polkadot (DOT) in UK is with Hertfordshire-based BC Bitcoin. You can use GBP to buy it. An alternate method is to use Bitcoin to trade it for DOT.

Polkadot (DOT) Price in UK

Current Price: £5.97   24hr: 0.35%

What is Polkadot?

Polkadot is a blockchain infrastructure which provides interoperability between other blockchain networks. For example, Polkadot can be used to build a bridge between Ethereum and Binance Chain. Users can then send data between the two networks. Polkadot is an open-source project founded by the Web3 Foundation.

Recommended: Buy DOT with GBP (BC Bitcoin)

This is a great option for anyone looking to buy Polkadot (DOT) with British Pounds or Euros in a simple and safe way.

BC Bitcoin accept debit and credit cards, as well as bank transfers including UK Faster Payments and SEPA transfers.

Here’s how to buy Polkadot in UK with BC Bitcoin:

  1. Sign up for an account here
  2. Head to the Buy Coins page and complete the form
  3. You will receive Polkadot to your wallet once the order is complete.

About BC Bitcoin

BC Bitcoin is a Hertfordshire based Cryptocurrency Brokerage that allows you to Buy, Sell and Exchange a wide variety of Cryptocurrencies including Polkadot (DOT).

They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer service and simple buying process.

Their team can be easily contacted via phone, online chat or email which makes for a great customer experience. You can use their Contact Us page if you have any questions.

Option 2: Exchange Bitcoin for Polkadot on Binance

Step 1: Buy Bitcoin

You may wish to trade Bitcoin for Polkadot on another exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance exchange. Note that you can achieve the same result in an easier manner by depositing GBP to Binance, in accordance with Option 2.

This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:

  • BC Bitcoin (recommended; buy with £GBP or €EUR)
  • (recommended; buy with £GBP)
    • Sign up for an account and buy BTC straight away with your debit or credit card, or bank transfer.
  • Local Bitcoins (buy with £GBP)
    • Buy BTC from other Brits using bank transfer.
  • Coinbase (buy with EUR)

or, click here for a detailed guide on buying BTC in the UK

Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…

Step 2: BTC -> DOT

Now, we will use Binance (the most popular crypto exchange) to buy Polkadot with Bitcoin…

  • Register for a Binance account here
  • Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu
    1. Select BTC from the drop-down menu, and copy your BTC Deposit Address
    2. Send your Bitcoin to this address.
      i.e. if you purchased BTC from CEX.IO, use their ‘withdraw’ page to send BTC to your Binance BTC wallet.
  • Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar.
  • Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
    1. Type DOT in the search bar
    2. Click the DOT/BTC link to reach the market page
  • Using the Buy DOT panel, set your Buy parameters, and click the green buy DOT button

    1. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
    2. When your order is filled, the exchange is complete, and your DOT will appear in your DOT wallet under the Funds -> Balances page