How To Buy Polkadot With Altbase

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Polkadot is a cross-chain network, with a focus on cross-chain communication and interoperability, in a way that brings a vast amount of different blockchains together into one network. You can now buy tokenized Polkadot (with multicoin support soon to follow) via the Altbase Altcoin Exchange.

Polkadot - Improving Blockchain Technology

By communicating seamlessly between different and unique chains, the Polkadot network allows much faster transaction times, higher scalability, and enables changes, without the need for hard forks, a fresh look at blockchain technology and something that has excited the entire community.

Parachains, Parathreads and Bridges

Polkadot runs on a series of relay chains, parachains, parathreads and bridges, with each one of these components enabling Polkadot to bring multiple different blockchain technologies together, in one network, and in such a way that security, communication, and scalability are improved simultaneously.

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Polkadots Native Token - $DOT

The native token for Polkadot is the $DOT token and its purpose is to serve as a governance over the network, staking and for bonding.

All DOT holders have complete control over the Polkadot protocol and with holders managing exceptional events such as network upgrade decisions and fixes.

Altbase has launched a BEP20 version of Polkadot, a pegged 1:1 equivalent that runs on the Binance Smart Chain. Soon to be released updates to the Altbase application are currently in development to run cross-chain services that allow multiple chains from various different networks to be launched, removing the need for pegged tokens altogether. This is just step one of that process.

A Guide On How To Buy Polkadot With Altbase

  1. Download the official Altbase Application from either The Google Play Store or The Apple App Store.
  2. Once the app has downloaded correctly, proceed with the onscreen instructions within Altbase to create a new account and set up or import a wallet. Take care with the recovery phrase if creating a new wallet. Do not share this with anyone and store it safely.
  3. Now that Altbase is set up, it is time to buy BNB. This is what is needed to buy Polkadot’s $DOT token. Select the Buy button on the Home menu inside the Binance Coin Section.
    All that is required is a debit or credit card - Follow the onscreen guide inside the payment platform to complete.
  4. Now BNB is successfully loaded into the Altbase wallet, select the Coins section on the bottom Menu bar, find Polkadot and select it. Inside the Polkadot sub-menu, locate the buy button to open the buy menu.
  5. Inside the Polkadot ($DOT) Buy Menu, choose the amount of BNB to trade for $DOT and to complete the transaction, select the buy button on the bottom of the screen to buy $DOT.
    Your Altbase wallet should now reflect your purchase and show your new Polkadot balance.

Disclaimer

Cryptocurrency investment activities, including procedures used to buy Polkadot online via the Altbase app are subject to market risk. Altbase provides an easy-way for you to buy Polkadot, and we do our best to fully educate our users about each and every token and altcoin we offer on the exchange, but we are not responsible for the results that could come from your purchase through Altbase. This page and any information in it is not intended to be seen as any kind of advocacy, of any cryptocurrency, token or altcoin or any of the numerous options to obtain it.

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