Skip to main content

Polkadot

As of the 6th of January 2021, cryptocurrency instruments will not be available to retail clients in the UK.

Polkadot is a network that connects various blockchains by helping to gather private and public blockchains in the WEB3 ecosystem. This network helps blockchain platforms exchange the info and transactions without obligations. The main goal of the Polkadot ecosystem is to ensure that all participating blockchains remain secure and trades are carried out fairly.

The Polkadot ecosystem has no miners and uses a proof-of-stake algorithm. As such, holders manage all exceptional events, such as updates and protocol fixes.

Opportunities for traders 

The project's second ICO started in July 2020. In the first week of trading, the tokens' value increased by 150%. But it didn't last long; the price soon dropped to the original ICO offering price. The token's average intraday volatility is 13%. This token can be bought and sold. 

How to buy and sell DOT/USD

You can buy and sell DOT/USD on specialised cryptocurrency exchanges. To trade it, it's better to use a broker and trading platforms. Such platforms include MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.