How to buy DOT on the BYDFi App

If you are asking yourself how to buy DOT on the BYDFi App, here you have a satisfying answer. Buying DOT on the BYDFi app is straightforward and designed to be user-friendly. Here's a step-by-step guide to buy DOT:Download the BYDFi app from the App store of your device: it is available on both <a href="https://play.google.com/store/apps/details?id=com.bydfi.app&hl=en-US" target="">Android</a> and <a href="https://apps.apple.com/us/app/bydfi-buy-btc-eth-doge/id6444251506" target="">iOS</a>.Open the app and sign up for an account. You’ll need to provide your email address and create a secure password. Some verification may be required depending on your location.Click 'Add Funds' and select 'Buy Crypto'Select the Fiat Currency that we supportChoose your desired crypto, or search for itAfter selecting the desired crypto and fiat currency, enter the amount you would like to spend and click ‘Next’Select a third party service provider and click ‘Buy’You will be leading to the third party payment page, follow the steps on the page to complete the paymentWell done! Now just wait for the deposit to credit to your accountFor more help, visit our Help Center or email us at <a href="cs@bydfi.com" target="_blank">cs@bydfi.com</a>

Polkadot (DOT) is a hub-and-spoke system, with the Relay Chain being the hub responsible for transaction management, shared security, and consensus among the network. Parachains are the spokes—individual blockchains which can have their own logic and applications but borrow the security of the Relay Chain. Validators secure the network and verify transactions by bonding DOT tokens, whereas trusted validators are backed by nominators using the nominated proof-of-stake (NPoS) consensus algorithm. Polkadot also enables cross-chain communication to allow parachains and even external blockchains to transfer data and assets seamlessly. Fishermen and Collators are accountable for parachain block securing and preventing any malicious activities. Polkadot, through its modularity, allows for scalable and efficient processing by separating execution from consensus. DOT tokens not only bond and stake parachains but also represent on-chain governance, where the community can upgrade protocols. To those researchers who are looking into how to use Polkadot, this multi-chain infrastructure is significant as it enables secure scaling of protocols and interoperability with the wider blockchain ecosystem.

You can purchase DOT cryptocurrency on some big cryptocurrency and fiat-currency-accepting exchanges that provide secure and user-friendly interfaces. You can purchase DOT cryptocurrency using bank transfers, credit cards, and cryptocurrency pairs. Exchanges also provide simple methods of purchasing DOT using a credit or debit card, PayPal, SEPA, and other local currencies, along with in-built wallets and staking services. At BYDFi, you can enjoy liquid Polkadot pairs with low fees—everything you need for a hassle-free experience. Whether you're a beginner or an advanced user, BYDFi offers a Step-by-step guide for buying DOT, securing your assets in a safe wallet once you've made your purchase. If you want to buy Polkadot online, this guide of BYDFi ensures you follow a smooth process to buy DOT easily.

The Best Way to Invest in DOT for Beginners: Step-by-Step Guide

Investing in digital currency is not easy, but once you get the right guidance, the issue becomes more manageable. If the question that is bothering you is how to trade cryptocurrency or if you are simply asking yourself “should I invest in crypto?”, here are some important tips that can be helpful for you to get started in a more considered way:1. Start SmallThe best way to invest in DOT or any crypto is to start with small amounts. This is going to let you learn the platform and understand how to trade in cryptocurrency without risking large losses during market volatility.2. Learn Crypto TradingTake some time to learn crypto trading strategies. That's because learning how and when to buy or sell will improve your chances of success.3. Understand FeesChecking transaction and withdrawal fees before buying or selling is crucial. Even the best way to buy cryptocurrency involves some cost—knowing skills.4. Stay Updated on Cryptocurrency RegulationStaying informed about cryptocurrency regulation allows you to make smarter decisions.5. Use Two-Factor Authentication (2FA)Always enable 2FA on your crypto accounts to protect your funds and personal data from unauthorized access.6. Watch Out for ScamsBe cautious of unsolicited offers or promises of guaranteed returns. For real cryptocurrency advice, trust only verified platforms or sources.

What is the max supply of DOT?

Polkadot (DOT) does not have a maximum token supply, making it an inflationary cryptocurrency. So, if you're wondering how many DOT are there, keep in mind that unlike capped-supply assets, DOT’s total supply increases over time at a fixed annual inflation rate of about 10%. This dynamic supply model is shaped by network conditions, staking participation, and governance decisions, meaning there’s no hard limit on the total number of DOT tokens that can exist.

How many DOT are in circulation/in existence ?

As of today, there are currently around 1.56 billion DOT tokens in circulation. While many investors wonder how many cryptocurrencies or altcoins exist, it’s important to understand that DOT does not have a fixed maximum supply. Unlike capped-supply altcoins, DOT is an inflationary cryptocurrency, meaning its total supply increases over time—typically at an annual inflation rate of about 10%, depending on factors like staking participation and governance decisions.

How to buy DOT for low fees?

Leverage a Low-Fee Crypto ExchangePlatforms can be very different when it comes to trading costs. But if you are using one of the best crypto exchanges like BYDFi, which is known for offering you a crypto exchange experience for low fees.Use Promotions and Fee Reductions to Your AdvantageAlways keep updated on the latest BYDFi campaigns and promotions. Many of those might include no fee crypto exchange deals, fee discounts, and even exclusive rewards. Make a habit of visiting the BYDFi Spot Event page regularly so you won’t miss out on savings. If you're looking for the best app to buy crypto without overspending, BYDFi delivers.

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How to Buy Polkadot(DOT)

Buy Polkadot(DOT) and other popular cryptocurrencies on BYDFi with fast, secure trading and low fees. Whether you're a beginner or a professional, BYDFi offers a variety of purchase options to suit your needs. Start investing today and check out our guide to easily buy Polkadot(DOT) with minimal fees!

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Last Updated: 2025-08-14

Steps to Buy Polkadot

If you're wondering how to invest in cryptocurrency, how to get DOT, or even just if you are simply looking for the best way to buy cryptocurrency, being aware of how to choose the right exchange is a very important first step. When you are about to select a platform, you should consider key criteria such as security features, how easy it is to use, compliance with regulations, which kind of payment methods it can support, and what are the available trading pairs. A reliable exchange should also be able to offer strong protection for your assets, an interface that is user-friendly , and it should give you access to the coins you’re looking to buy, such as DOT.

Among the many platforms available, BYDFi is well-known for its simplicity, speed, and security, making it the best way to invest for both beginners and experienced investors. Here's how to get started and purchase DOT in just a few steps:

Step 1: Create a Free BYDFi Account BYD.1750147413281.Step1.png

You should start by signing up at BYDFi with your email or phone number. Select your country of residence and set a strong password to protect your account.

Step 2: Secure Your Account BYD.1750147421210.Step2.png

Then, to make your account’s security better you should complete the identity verification, by enabling two-factor authentication (2FA) with Google Authenticator, you should also set an anti-phishing code, and create a fund password. These measures ensure your funds and crypto wallet remain safe.

Step 3: Buy DOT BYD.1750147428979.Step3.png

Option 1 : Buy DOT with Credit/Debit Card

This is the simplest way for new users to purchase DOT.

BYDFi supports various payment options : Transak, Coinify, Mercuryo, Banxa.

Simply enter the amount you wish to purchase and complete the payment to own DOT.

Option2：Buy DOT with Cryptocurrency on BYDFi Spot Trading
Once your account is ready, you can buy cryptocurrency such as DOT through the platform’s Spot Trading feature:

Transfer your existing crypto, such as USDT to name one, to your BYDFi wallet.
Navigate to “Spot Trading” under the “Trade” menu.
Search for the DOT trading pair, then you will be able to place your order, and your tokens will be credited to your account once the transaction is completed.

It doesn't matter if you're new to digital assets or if you are looking for the best way to invest in cryptocurrency, BYDFi offers a streamlined and secure path to get started. Register now and buy DOT.

Why Choose BYDFi to Buy Polkadot

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Why Choose BYDFi to Buy Polkadot

Safe and Reliable

BYDFi's Proof of Reserves (PoR) mechanism offers robust security for your funds. As a Forbes-recommended exchange, we have gained the trust and support of over 1,000,000 users worldwide.

High Liquidity

BYDFi offers a fast and reliable trading experience with support for 900+ major cryptocurrencies, making it an ideal choice for both beginners and professional investors.

Simple and Intuitive

At BYDFi, purchasing Polkadot is quick and easy. Whether you are a beginner or a professional trader, our intuitive interface allows you to complete transactions effortlessly in just a few steps. Register on BYDFi now and experience a seamless cryptocurrency purchasing process!

Wide Variety of Tokens

BYDFi supports over 900 cryptocurrencies, making it the ideal platform to buy Polkadot and other digital assets. Users can easily trade and exchange assets to meet their needs!

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Disclaimer

The content displayed on this page comes from verified BYDFi users and/or data and feedback from other third-party sources. All information is for reference only, and BYDFi makes no representations or warranties of any kind regarding its accuracy. The displayed price predictions may be inaccurate, and future prices may differ significantly from the forecasts. Do not rely on these results for investment decisions. Token price predictions do not constitute financial advice and are not intended to recommend the purchase of any specific product or service. If you trade or invest based on the information on this page and incur losses, you may not recover your invested funds, and BYDFi is not responsible for any potential losses. The prices of digital assets are subject to market risks and volatility, meaning their value may rise or fall, and you may even lose your initial capital. BYDFi recommends carefully assessing your investment goals, financial situation, risk tolerance, and relevant experience before making investment decisions. If necessary, seek advice from an independent financial advisor. Past market performance is not a reliable indicator of future results, so only invest in products you understand and can afford to risk. This statement is for general informational purposes only and does not constitute investment advice.

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