Cryptocurrencies are unregulated in the UK. Cryptocurrency profits may be subject to Capital Gains Tax. The value of investments is variable and can go down as well as up.
Polkadot is the leading layer-0 network – that is, a blockchain whose primary purpose is to facilitate transactions between different blockchains.
Polkadot does this by allowing the creation of secure “parachains” that allow you to conduct transactions between blockchains (i.e. Ethereum and Solana). Users use DOT, the native token of Polkadot, to reserve private space on these parachains. When the transactions are completed, the parachain automatically finalises them on their native blockchains.
DOT is also used as a governance token, giving users the ability to vote on changes to the protocol and is distributed to those who stake their tokens to secure the network.
CoinJar is one of the longest-running crypto exchange in the world and has been designed from the ground up with security and ease-of-use in mind. From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying DOT for the first time or an experienced investor.
You can store your Polkadot in a hardware wallet or on a trusted exchange. Hardware wallets (such as the Ledger) offer high level security, allowing you to store your crypto offline in a unit that only you have the password for. However, exchanges such as CoinJar also provide excellent security, keeping more than 90% of our crypto in cold storage or private, multi-sig wallets and offering our users next-gen 2FA account protection as default.
Polkadot was created by Gavin Wood (a co-founder of Ethereum), Robert Habermeier and Peter Czaban.
The best way to buy Polkadot in the UK is through a trusted exchange like CoinJar. We offer accurate prices, low fees and an easy-to-use, ultra-secure app.
The safest way to Buy Polkadot is through a trusted exchange with a proven track record. CoinJar is one of the world’s longest-running crypto exchanges and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with the FCA UK (for AML purposes) and AUSTRAC and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.
Yes – with CoinJar Instant Buy you can buy Polkadot with any UK-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.
The price of DOT in GBP is determined by the international Polkadot market – basically, the price to be found on cryptocurrency exchanges in the UK and all around the world. These prices tend to be the same (or very close) because any differences are smoothed out by arbitrage traders that buy at one exchange and sell at another.
Unlike Bitcoin, Polkadot does not have a maximum supply. New DOT tokens are issued to people who stake their DOT to help secure the network at a rate of 10% per year. This means Polkadot is an inflationary currency. There are currently around 1.2 billion DOT tokens in existence.
CoinJar’s digital currency exchange services are operated by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
Like all investments, cryptoassets carry risk. Due to the potential volatility of the cryptoasset markets, the value of your investments may fall significantly and lead to total loss. Cryptoassets are complex and are unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar Card is a prepaid Mastercard® issued by EML Money DAC pursuant to licence by Mastercard International Inc. The e-money associated with your card is issued by EML Money DAC, authorised by the Central Bank of Ireland under the European Union (Payment Services) Regulations 2018 (Ref C95957). We recommend you consider the CoinJar Card Terms and Conditions before making any decision to acquire the product. Mastercard the circles design are registered trademarks of Mastercard International Incorporated.
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