Polkadot is one of the top ten most valuable cryptocurrencies in the world today. Polkadot (the cryptocurrency) is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens thereby making a wide range of blockchains interoperable with each other. This information was gotten at CoinMarketCap.
This cryptocurrency was founded by the Web3 Foundation. The Web3 Foundation is a Swiss foundation that was founded to facilitate a fully functional and user-friendly decentralized web as an open-source project. What makes this cryptocurrency unique is that it processes many transactions on several chains in parallel (parachains).
How Can I Buy Polkadot
Following the steps below, you should be able to buy the cryptocurrency.
- Open a Binance account. The first step to buying the coin is creating a Binance account. You can open an account on the binance official site.
- Now you have to download Metamask or Trust Wallet. This is the software wallet you are going to need. Once you download the app on your device, open it and create a software wallet. You will be given a mnemonic code of which you should keep to heart to help recover your account.
- Once your wallet has been created, go to the Binance website and buy binance to your software wallet. Navigate to the browser on the trust wallet or Metamask and search for pancakeswap. On pancakeswap, connect your wallet.
- Now you need to add a Cardano wallet to your portfolio. To do this, open the Trust Wallet or Metamask and tap on the add button. Next, enter the contract address 0x7083609fce4d1d8dc0c979aab8c869ea2c873402.
- Once the software wallet has been added, you can go to pancakeswap and purchase the coin. To do this, open pancake swap, on the second column, enter the contract address 0x7083609fce4d1d8dc0c979aab8c869ea2c873402. Import the coin and enter the amount you wish to buy. The price will be reflected in BNB. Once so, click on the swap button, approve the swap and enter your password.
It’s as easy as that. If you wish to invest in the coin, just leave it after buying for a couple of months.