Polkadot price AUD (DOT)

Polkadot price chart

The below Polkadot price chart tracks the price of Polkadot against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.

Market cap

$58.7B

Volume 24hr

$1.6B

Supply

1.0B DOT

What is Polkadot?

Scalable
Secure
Innovative

Polkadot (DOT) is a pioneering crypto currency - aiming to enable the interoperability and communication of multiple blockchains including cross-blockchain transfers of a variety of assets.

With a decentralized, user-driven network, the intangibles behind the vision of Polkadot are quickly resulting in widespread adoption and popularity.

Facilitating a future where multiple blockchains can co-exist and exchange information/transactions in a seamless process, the team behind Polkadot are some of the industry’s leaders; with a goal to ‘enable a completely decentralized web where the users are in control’.


Who founded Polkadot (DOT)?
Polkadot was created by the Web3 Foundation, which is an open-source project. Its founders are Gavin Wood, Robert Habermeier and Peter Czaban. Notably, Gavin Wood is also one of the co-founders of Ethereum and created the smart contract coding language used on the Ethereum platform — Solidity. The team started Polkadot as a competing layer 1 blockchain to overcome some of Ethereum’s limitations, specifically scalability and interoperability.

What makes Polkadot (DOT) unique?
At the moment, blockchains operate separately in silos. Polkadot aims to build a network of interoperable blockchains that create a decentralised internet, also known as web3. This is why it’s called a ‘multi-chain’ network; it joins networks together much like the current internet connects sites, browsers and servers. Critically, they can transfer data and not just tokens over the blockchain. In this way, we can see they’re building a new infrastructure for the internet. Simply put, the key two advantages of Polkadot compared to competing layer 1 blockchains is that it is both highly scalable and interoperable.

What type of blockchains are built on top of Polkadot?
There are already many innovative crypto projects being built on Polkadot. As we’ve discussed, they will all be highly scalable and interoperable.

Here are a few examples of current projects:
  • Smart contract chains such as Edgware
  • Data curation networks like the Ocean Protocol
  • Oracle chains like Chainlink
  • Identify chains, including Speckle OS
  • Financial chains like Katallassos
  • Internet of Things chains like MXC Protocol
  • Zero knowledge privacy chains like Zerochain
  • File storage chains
  • Bridge to Ethereum

How much is Polkadot (DOT) worth?
Polkadot is aiming to be the base layer blockchain that all other blockchains build on. They want to focus on the core blockchain technology and let other companies create innovative applications on Polkadot. If a productive ecosystem is built on top of Polkadot, some investors believe it will become an incredibly valuable protocol.

How to buy Polkadot (DOT)?
DOT is the native token on the Polkadot network. It lets token holders vote on code changes and grow their wealth if the token’s price increases over time. You can buy Polkadot (DOT) by clicking on the ‘buy’ button above. All prices are quoted in AUD.

How is the Polkadot (DOT) network secured?
Polkadot uses a common set of validators to secure multiple blockchains, allowing data to be shared securely across many parachains. The network uses a nominated proof-of-stake (NPoS) consensus mechanism to select validators and nominators to secure the chain. This enables different chains to remain independently governed, while still interacting securely under the same rules. Therefore, it’s both secure and interoperable.

How do I buy Polkadot?

  1. Deposit funds into your Cointree account using our fast and convenient options.
  2. Enter the amount of Polkadot that you would like to buy.
  3. Confirm your purchase and Polkadot will be instantly delivered to your Cointree account.

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Buy Polkadot (DOT)

Use the price calculator below to enter the amount of AUD you want to buy in Polkadot. You can also switch to convert DOT to AUD.

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Why is Cointree the best place to buy Polkadot in Australia?

Easy and convenient

Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Polkadot.

Fast and transparent

Buy Polkadot in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Polkadot with every dollar invested.

Safe and secure

Buy Polkadot with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.

Made for you

An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.

Easy and convenient

Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Polkadot.

Fast and transparent

Buy Polkadot in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Polkadot with every dollar invested.

Safe and secure

Buy Polkadot with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.

Made for you

An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.

What can you do with your Polkadot?

Hold Polkadot

Many members buy and hold their Polkadot as a long-term investment. You can hold your Polkadot in your free multicoin wallet on Cointree or transfer it to a private wallet.

Trade Polkadot

You can instantly trade any portion of your Polkadot for any other digital currency within just a few clicks, and at the lowest rates in Australia.

Send Polkadot

When you buy Polkadot in Australia with Cointree, you can quickly and easily send your Polkadot to any other Polkadot wallet.

Spend Polkadot

You can spend Polkadot purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Polkadot every day.

Learn About Polkadot

Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Polkadot, to an expert holding a diversified portfolio of cryptocurrencies.

Pay Bills With Polkadot

You can pay your Australian BPAY bills using Polkadot or any of your other digital currencies.

Hold Polkadot

Many members buy and hold their Polkadot as a long-term investment. You can hold your Polkadot in your free multicoin wallet on Cointree or transfer it to a private wallet.

Trade Polkadot

You can instantly trade any portion of your Polkadot for any other digital currency within just a few clicks, and at the lowest rates in Australia.

Send Polkadot

When you buy Polkadot in Australia with Cointree, you can quickly and easily send your Polkadot to any other Polkadot wallet.

Spend Polkadot

You can spend Polkadot purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Polkadot every day.

Learn About Polkadot

Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Polkadot, to an expert holding a diversified portfolio of cryptocurrencies.

Pay Bills With Polkadot

You can pay your Australian BPAY bills using Polkadot or any of your other digital currencies.

Buy in just a few minutes

Start with as little as AUD $25 and deposit instantly with your bank account.