🪙 What is Polkadot (DOT)?
Polkadot is a next-generation blockchain protocol that aims to create a decentralized and interoperable ecosystem of connected blockchains. Developed by the Web3 Foundation, Polkadot allows multiple specialized blockchains, or "parachains," to operate simultaneously, securely, and with high scalability. Polkadot's unique architecture enables cross-chain communication and interoperability between different blockchain networks, allowing users to seamlessly transfer assets and data between them. This is possible with the network’s XCM (The Cross-Consensus Message Format), which is a robust protocol for secure communication within the Polkadot-based blockchains, as well as with external networks through bridges.
Allowing for cross-chain token transfers, multichain smart contracts, and more, XCM sets the standard for communication in the world of Web3. The protocol is designed to be flexible and upgradeable, with the ability to add or remove parachains as needed. Polkadot's native token, DOT, is used for staking, governance, and transaction fees within the network. Learn more
📥 How to Deposit DOT Into Your Coinmetro Account
For all information on how to deposit DOT into your Coinmetro account, please see the following help center article:
📤 How to Withdraw DOT From Your Coinmetro Account
For all information on how to withdraw DOT from your Coinmetro account, please see the following help center article:
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
🌱 Grow Your DOT with Staking
Put your DOT to work and watch your holdings grow by staking directly on Coinmetro. Staking is a great way to grow your DOT holdings and while supporting the Polkadot network, and it only takes a few clicks to get started. Your rewards are paid out in DOT, meaning your balance has the potential to increase over time without needing to trade. It’s an easy and rewarding way to make the most of your crypto.