Speaking about the ways to earn with cryptocurrencies — CEX.IO offers a variety of options. Buy and hodl, trade using different strategies, stake and receive passive income — those are the ways popular among both entry-level and professional traders.
Polkadot is a Nominated Proof of Stake (NPoS) blockchain protocol connecting multiple blockchains into one network. It helps blockchain networks improve scalability and upgrade without the need for hard forks. Polkadot coin allows blockchains networks to interact with each other. It is used for staking that activate different options in the Polkadot network, like parachains.
One of the best possible ways to buy Polkadot coins is to use a trusted and regulated crypto exchange like CEX.IO. With CEX.IO, you can buy crypto instantly with a bank card. Just use Instant Buy service on CEX.IO website or in the mobile app, add your Visa or Mastercard payment card, if you haven't done it yet. Then you’ll be able to purchase crypto in a few clicks and safely hold them in your CEX.IO balance for a long as you want. Apart from debit/credit cards, you can also use international, domestic bank transfers and online wallets like Skrill or Qiwi to add fiat funds to your CEX.IO balance.
If you want to trade DOT coin to USD, at first, there should be some Polkadot or USD on your CEX.IO balance. You can use multiple payment options to replenish your balance in fiat or you can just send some DOT to your CEX.IO account.
After that, visit a Trade page and choose the DOT/USD market from the list of available pairs. You’ll see a DOT coin to USD trading chart and all important information about the market like price and volume. Below the chart, you can find order book and market depth. To start trading, just choose how you want to trade DOT to USD — buy or sell — and place a market or limit order. Then your order will be placed in the order book to find a match. If you choose a market order, your order will be executed instantly. If you choose a limit order, you’ll need to wait until the market price reaches the specified level.
And don’t forget that you can also control your trading with CEX.IO mobile app and trade DOT to USD or other pairs everywhere you go.
DOT/USD trading is not the only option with DOT that you can find on CEX.IO. Polkadot staking is also available on CEX.IO. Staking on CEX.IO is automatic and does not require any extra steps or technical knowledge. To start earning all you need is to have some amount of DOT coins on your CEX.IO balance. Your staking reward will be calculated and added to your balance automatically at the end of the staking period. The staking reward depends on the amount you stake.
Usually, staked coins stay blocked for participating in consensus. But if you stake your Polkadot coins on CEX.IO, you can trade your staked coins. Your reward will be calculated as long as staked coins stay on your balance, even if you place an order. The reward for coins staking is sent once a month and you can use these coins to get a bigger reward next time.