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Polkadot (DOT) exchanges in Nigeria: buy, sell & swap

Polkadot (DOT) key market data:

  • type: Cryptocurrency
  • consensus: NPoS "GRANDPA/BABE"
  • Smart Contracts, Masternodes
  • market cap: $12,841,964,033
  • market rank: #14
  • supply total: 1,426,868,344
  • supply available: 1,345,920,391
  • not mineable
  • multi-Chain
  • DOT/USD: $9.54 | DOT/NGN: 7388.12

Polkadot is a Cryptocurrency, the network powered by NPoS (consensus mechanism based on original technology) algorithm. The original software was developed by Gavin Wood from GB and first released May 20th, 2020. Nowadays the cryptocurrency is managed by the Web3 Foundation, an organization based in the CH. Masternodes are used to empower the network. Smart Contracts are supported by the Polkadot blockchain. Polkadot is aiming to serve the IoT industry, among the other use cases. The official Polkadot website is https://polkadot.network.

As of today, March 28th, 2024, out of totally available 1,426,868,344 DOT, 1,345,920,391 are in circulation. It's not possible to mine polkadots. The total market capitalization of polkadot is $12,841,964,033, the rank among other cryptocurrencies (based on the capitalization) is #14. The current rate of 1 DOT is $9.54 USD; converting to the national currency of Nigeria, the rate is 7388.12 NGN for 1 DOT.

Polkadot is a cross-blockchain platform based on a scalable and heterogeneous technology. The platform allows different blockchains to exchange information; to transfer messages (and/or value) between those in a secure, trust-free way. It permits diverse cryptocurrencies to share unique features and security. Other important features are interoperability, on-chain governance, forkless upgrades, extra-key security via multi-signature accounts. Last but not least, novel economics and game theory.

Polkadot creator, Gavid Wood, is a British computer scientist. Gavin has a very impressive carrier. Besides everything else, he co-founded Ethereum with Vitalik Buterin in 2013 and was the CTO of the Ethereum Foundation. The initial project funding was realized by the means of ICO in 2017, 5.5 million tokens were sold for $0.29 each. ROI was very impressive, to say the least!

  • Project founder, Gavin Wood (ETH co-founder) left Ethereum in 2016 to "explore various avenues of technology other than the cpp-ethereum core". Besides Polka, he founded Kusama, an early stage experimental development environment for DOT.
  • The price of the platform's native token, DOT, had risen virtually out of nowhere (far below top 100) to the top in a matter of days. September 2020 DOT made it a #7 cryptocurrency by market capitalization!

Top Polkadot exchanges

Polkadot is currently supported by 70% of exchanges (7 of 10) currently having active orders at ExchangeRates.Pro: 3 Exchange Brokers, 4 Trading Platforms have offers, allowing you to buy and sell DOT. Let's check and compare which of these exchanges will suit you the best, dear visitor!

Our choice: the best exchange for Polkadot in Nigeria

There are some worthy and undoubtedly good, trusted exchanges among the ones with DOT support. One of those, Changelly broker, certainly stands out of the rest! Our users voted and named it as «The third best Broker worldwide» of all the Polkadot exchange services. The title speaks for itself, right? The service should be a really fine one, just a few of the 332 exchanges and 303 broker websites we analyze managed to achieve such a result. Allow us to break it all down and explain what makes Changelly such a popular broker for buying, selling and exchanging DOT in Nigeria:

Changelly website: the home page in English

CHANGELLY is a Broker; Fintechvision Ltd. (dba Changelly) had started the project back in December 2013. The company is incorporated in the Hong Kong SAR China and headquartered in Hong Kong. The official street address of Changelly is 7/F, Woon Lee Commercial Building, 7-9 Austin Ave, Tsim Sha Tsui, Kowloon. This is a highly trusted, a long-standing, settled service. Broker works with 42 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BCHSV, BNB, BTC, BTT, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, FIL, ICP, KSM, LINK, LSK, LTC, MATIC, MIOTA, OMG, SKL, SOL, SUSHI, THETA, TON, TRX, TUSD, UNI, USDC, USDT, VET, WAVES, WBTC, XEM, XLM, XMR, XRP, ZEC, ZRX.

The customers are welcome to buy and sell coins and tokens with 34 national aka fiat currencies: AUD, BGN, BRL, CAD, CHF, COP, CZK, DKK, DOP, EGP, EUR, GBP, HKD, IDR, ILS, JOD, KES, KWD, LKR, MXN, NGN, NOK, NZD, OMR, PEN, PLN, RON, SEK, THB, TRY, TWD, USD, VND, ZAR. Totally 1 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Impressive, right? The features that our users enjoy the most out of this wonderful platform:

  • Even if the operating entity is not licensed, etc. such a business model is compliant with and approved by the local authorities
  • The way the exchange brokers like Changelly operate is very safe for a user. The exchange doesn't store other people's money, there are no balances, accounts, etc. Once you've paid for an order, the crypto or fiat transfer would be delivered to your personal wallet or an account in bank or payment system. No worries about the hackers, etc!
  • The website has being online and operational for years; it started up 10 years and 3 months ago
  • The platform allows deposits/withdrawals in 42 cryptocurrencies and 34 national ones. In total, you may choose from 1 online banks and payment systems. Changelly can't offer anything else but the digital currencies exchange.
  • The limitations Changelly sets for buy and sell operations are high indeed, one of the highest available on the market: $30.00 up to $12,000 USD. The exact figure is a subject to the payment system choice; how do you like to pay or getting paid
  • The feedback from the clientele is good, 100%, 17 out of 17 are very happy and pleased with their experience at Changelly. As per the details we got from the real clients:
    • Customer care is exemplary, the best
    • The speed of the payments processing is lightning fast, instant

Changelly currently provides 1 ways of purchase and sale Polkadots in Nigeria with the national currencies and the most exciting news are that the payments in Nigerian Nairas are possible:

  • Visa & Mastercard, a payment system of credit/debit cards type. This time, only for purchasing.

Buying and selling with fiat aside, there are 38 cryptocoins and tokens exchangeable with DOT: AAVE, ADA, BCHABC, BCHSV, BTT, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, FIL, ICP, KSM, LINK, LSK, LTC, MATIC, OMG, SKL, SOL, SUSHI, THETA, TON, TRX, TUSD, UNI, USDC, VET, WAVES, WBTC, XEM, XLM, XMR, XRP, ZEC, ZRX can be converted to Polkadot and vice versa any time you please.

Time to make a conclusion. Our platform of choice to exchange Polkadot is

Changelly, certainly a safe and sound broker, rated 84/100. Nice scoring and an interesting service, even if 5% of the services we compare got a higher rating. Let's break down why the changelly.com exchange managed to get such rating and what does this mean:
Time in the business: 10 years 3 months
Feedback count: 17
Reviews: 16 positive, 0 negative, 1 neutral
Business model: no special licenses, etc.
Order Speed: instant
Support Quality: perfect
Verification Speed: unknown
UI Usability: good

Overall Changelly score: 84 / 100

Top DOT exchanges to buy/sell in Nigeria

Nigeria flag

Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap dot with fiat (national) currencies. Here are the top exchanges to buy and sell polkadots in Nigeria:

  1. Changelly a Broker established December, 2013. Great news! Changelly supports your local currency Nigerian Naira; feel free to use any of these 1 banks and payment systems to buy and sell Polkadot domestically:
    • Visa & Mastercard (credit/debit cards). Only for coin purchases.
    Nice! | 17 reviews, 100% positive check out DOT/NGN @ Changelly!

The rest of safe, fast, easy to use DOT exchanges worldwide

exchanges worldwide

Besides the abovelisted great exchanges, serving Nigeria and allowing domestic payments in Nigerian Naira among other countries and currencies, there are also very good international ones among the websites exchanging polkadots. Hence if you need NGN|DOT exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Polkadot using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top six highest-ranked DOT exchanges from all around the world:

  1. CEX a Trading Platform started business July, 2014. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 5 payment systems to buy and sell Polkadot with USD. Apart from that, feel free to swap DOT to/from 8+ coins and tokens. KYC (identification process) is necessary to become a client of this service provider. | 27 testimonials, 100% gave maximal rank
  2. Binance a Trading Platform started business April, 2017. A reputable company holding all the government permissions for doing business; is licensed, etc. | 18 testimonials, 94% gave maximal rank
  3. EXMO a Trading Platform started business May, 2013. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 4 payment systems to buy and sell Polkadot with USD. Apart from that, feel free to swap DOT to/from 21+ coins and tokens. | 20 testimonials, 95% gave maximal rank
  4. Kraken a Trading Platform started business July, 2011. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 2 payment systems to buy and sell Polkadot with USD. Apart from that, feel free to swap DOT to/from 31+ coins and tokens. KYC (identification process) is necessary to become a client of this service provider. | 3 testimonials, 100% gave maximal rank
  5. AlfaCashier a Broker started business May, 2012. Unfortunately no fiat payments for your currencies this time, but feel free to swap DOT to/from 16+ coins and tokens. | 2 testimonials, 100% gave maximal rank
  6. changeNOW a Broker started business September, 2017. Unfortunately no fiat payments for your currencies this time, but feel free to swap DOT to/from 39+ coins and tokens.

By the way, exchanges that accept NG, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell polkadot using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either

  • find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro. For example, if you are looking for an exchange for Chad assuming that you have a local bank account there, an address confirmation, etc: compare rates to buy and sell Polkadot in Chad
  • ...or just explore the great websites listed above to find out which one you prefer!

Where to buy DOT

Are you looking for the best place to buy polkadots? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell DOT, based on your location and preferences.

Where can you buy DOT in Nigeria

At this moment, there are 1 offers to buy Polkadot in Nigeria. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:

  • Visa & Mastercard in NGN, although can be used in any currency: payments by Credit/Debit Cards. A global payment system, available worldwide. Offered 1 times

Easiest, safest, fastest ways to buy dot worldwide

We've compared a lot of offers to find the top ones; right now we have 13 ways for you to purchase polkadot available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with Nigerian Naira, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase DOT crypto:

  • Visa & Mastercard in USD Actually it's a multi-currency option, you are supposed to pay by the Credit/Debit Cards. This way to send fiat money will work worldwide. Nigeria, Cameroon, Niger, Benin, Chad, etc. are covered. Suggested in 4 offers
  • Skrill in USD you are supposed to pay by the e-wallet. This way to send fiat money will work worldwide. Nigeria, Cameroon, Niger, Chad, Benin, etc. are covered. Suggested in 1 offers
  • SWIFT Transfer in USD Actually it's a multi-currency option, you are supposed to pay by the International Bank Transfers. This way to send fiat money will work worldwide. Nigeria, Benin, Cameroon, Niger, Chad, etc. are covered. Suggested in 3 offers
  • Advanced Cash in USD an international payment system. This way to send fiat money will work worldwide. Nigeria, Chad, Cameroon, Niger, Benin, etc. are covered. Suggested in 2 offers
  • Epay in USD an international payment system. This way to send fiat money will work worldwide. Nigeria, Niger, Benin, Chad, Cameroon, etc. are covered. Suggested in 1 offers
  • Payeer in USD an international payment system. This way to send fiat money will work worldwide. Nigeria, Niger, Benin, Cameroon, Chad, etc. are covered. Suggested in 1 offers
  • Etana in USD from 217 countries: an international payment system. A multi-country payment system. Suggested in 1 offers

Where to sell DOT

Even the greatest DOT HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell polkadots to Nigerian Naira and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.

Easiest, safest, fastest ways to sell DOT worldwide

Sometimes you may need to transfer the money to another country. If you are holding DOT, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 9 options to out-exchange the dot to fiat; the most frequently used banks, money transfer operators and global payment systems are:

  • Visa & Mastercard in USD, can be also used with any of other currencies; to any country in the world including Nigeria, Chad, Cameroon, Benin: the funds will be sent by the Credit/Debit Cards. You can transfer money wherever you need! Caution: there are higher risks related to accepting such payments at P2P marketplaces! Buyer may be able to reverse the payment after you send DOT! Suggested in 1 deals
  • Skrill in USD to any country in the world including Nigeria, Niger, Chad, Benin: the funds will be sent by the e-wallet. You can transfer money wherever you need! Suggested in 1 deals
  • SWIFT Transfer in USD, can be also used with any of other currencies; to any country in the world including Nigeria, Benin, Chad, Niger: the funds will be sent by the International Bank Transfers. You can transfer money wherever you need! Suggested in 3 deals
  • Advanced Cash in USD to any country in the world including Nigeria, Chad, Cameroon, Benin: a global payment method. You can transfer money wherever you need! Suggested in 2 deals
  • Epay in USD to any country in the world including Nigeria, Benin, Cameroon, Chad: a global payment method. You can transfer money wherever you need! Suggested in 1 deals
  • Etana in USD to 217 countries: a global payment method. Suggested in 1 deals

Where to swap DOT

Did you know that it's possible to exchange DOT to 48 other cryptocurrencies? It's possible to convert Polkadot to/from 96% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 203 swap possibilities with DOT and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap DOT with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first:

  • Bitcoin (BTC): that's a popular Cryptocurrency. There are 11 proposals (5 allow to convert from BTC to DOT and 6 that are converting in opposite direction.
  • Ether (ETH): that's a popular Cryptocurrency. There are 10 proposals (5 allow to convert from DOT to ETH and 5 that are converting in opposite direction.
  • Tether (USDT): that's a popular Stablecoin. There are 10 proposals (5 allow to convert from DOT to USDT and 5 that are converting in opposite direction.
  • USD Coin (USDC): that's a popular Stablecoin. There are 8 proposals (4 allow to convert from DOT to USDC and 4 that are converting in opposite direction.
  • TrueUSD (TUSD): that's a popular Stablecoin. There are 6 proposals (3 allow to convert from DOT to TUSD and 3 that are converting in opposite direction.
  • Litecoin (LTC): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DOT to LTC and 3 that are converting in opposite direction.
  • Dash (DASH): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DASH to DOT and 3 that are converting in opposite direction.
  • Monero (XMR): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DOT to XMR and 3 that are converting in opposite direction.
  • Dogecoin (DOGE): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DOGE to DOT and 3 that are converting in opposite direction.
  • Chainlink (LINK): that's a popular Token. There are 6 proposals (3 allow to convert from DOT to LINK and 3 that are converting in opposite direction.

Similar cryptocurrencies, that can overcome Polkadot:

SKALE (SKL)

  • rank: #159
  • type: Token

ICON (ICX)

  • rank: #244
  • type: Cryptocurrency

Kusama (KSM)

  • rank: #208
  • type: Cryptocurrency

Komodo (KMD)

  • rank: #673
  • type: Cryptocurrency