How to Buy Polkadot (DOT) in the UK

The best place to buy Polkadot (DOT) in the UK with GBP is on the Crypto.com app. In this mobile app, you can deposit GBP for free using a UK bank transfer and then buy Polkadot (DOT) at the real exchange rate without paying any fees.

If you don’t want to use Crypto.com, then there are a few other places you buy Polkadot (DOT) in the UK. My favourite alternative is Kraken – which is a popular cryptocurrency exchange that’s been around since 2011.

Anyhow, check out this quick guide to buying Polkadot (DOT) in the UK to learn more about your options.

Quick Summary: Buy DOT in the UK

The table below summarises the best places to buy Polkadot (DOT) in the UK with various payment methods. There are more places than this, but I reckon these are the easiest and cheapest.

ProviderPayment MethodFees (Approx.)
Crypto.comUK Bank Transfer0%
KrakenUK Bank Transfer< 1%
BinanceBitcoin (BTC)< 1%
Crypto.comDebit & Credit Card3.5%
BC BitcoinUK Bank Transfer4%

As already mentioned, Crypto.com is the best choice here. Not only is it the best place to buy Polkadot (DOT) with a UK bank transfer, but it’s also the cheapest place to buy it with a debit or credit card too.

Keep reading for a little more detail about your top two options.

How to Buy Polkadot (DOT) in the UK

#1. Crypto.com App [Quick, Easy, & No Fees]

With Crypto.com, it’s possible to buy Polkadot (DOT) at the real exchange rate without paying anything in fees. Just deposit GBP with a UK bank transfer, wait an hour or two, and then buy it with your GBP wallet balance. Piece of cake.

I’m not sure how long it’s going to last, but I’d take advantage of it while you can. This currently works out better than using a cryptocurrency exchange.

On top of that, the Crypto.com app has been designed to be as simple and easy to use. If you’re new to the wonderful world of cryptocurrency, then this is what you want.

Overview of Option #1

  • Create a Crypto.com account. Verification doesn’t take long.
  • Deposit GBP (via a UK bank transfer) to your Crypto.com GBP wallet.
  • Buy Polkadot (DOT) with your GBP balance (real exchange rate, 0% fees).

Crypto.com also allows you to buy cryptocurrencies like Polkadot (DOT) with a debit or credit card. Even though it’s more convenient to buy crypto with a debit card, I wouldn’t make a habit of it – with Crypto.com, you’ll pay 3.5% in fees.

From start to finish, you can download and setup a Crypto.com account in less than 10 minutes. Grab a coffee, sit down with it, and you’ll be done before you’ve had a chance to drink a sip without burning your tongue.

Download App Now

#2. Kraken [Cryptocurrency Exchange]

Kraken is a cryptocurrency exchange that’ll be a decade old next year.

And over the last couple of years, it has continued to get better. They’ve added support for more cryptocurrencies, added support for GBP deposits, and much more.

Overview of Option #2

  • Create a Kraken account.
  • Complete verification to get an Intermediate or Pro level account.
  • Deposit GBP (via a UK bank transfer) to your Kraken GBP wallet.
  • Purchase Bitcoin (BTC) with your GBP balance.
  • Head over to the DOT/BTC market and buy DOT (real exchange rate, low fees).

You’ll pay fees of up to 0.26% on Kraken. You’ll unlock slightly lower fees if you trade more frequently on Kraken, or if you’re a market maker. You can find out more in this help article about all this.

I wouldn’t have bothered mentioning Kraken a few years ago. But now? They’re an excellent choice for anyone that wants to cheaply buy a range of cryptocurrencies (like DOT) in the UK.

Learn More

Where Can You Keep Polkadot (DOT)?

With both Crypto.com and Kraken, you’re able to leave the Polkadot (DOT) you’re buying with them. These are custodial solutions, which is shorthand for saying that you don’t control the funds – someone else does. This means your access to these funds is at their discretion (e.g. they could lock you out whenever they want).

If you want to take control of your money, then you’ll want to withdraw cryptocurrency you buy into non-custodial wallets. There are lots of options out there for Polkadot (DOT), but here are a few which I like:

For more options, check out this wiki page.

If you don’t already, getting a cheap hardware wallet (like the Ledger Nano S) isn’t going to be something you regret. It allows you to quickly and easily secure your cryptocurrency assets in a non-custodial manner.

You can check out my Ledger Nano S review to learn more about this, or just head straight over to their website to hear it from them.

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