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Polkadot (DOT) is now available on Alfacash

A fully non-custodial and fully automatic process is already in place at Alfacash for the exchange of more than 30 cryptocurrencies for fiat currency (and vice versa). The users can now take pleasure in buying and selling Polkadot (DOT) on the platform in a secure and hassle-free environment.

It was founded by Gavin Wood (one of the Ethereum founders) last year, and it is a relatively new type of cryptocurrency blockchain. Through the use of this platform and its eponymous token, users can create their own chains (parachains), each with its own set of unique characteristics. Meanwhile, transactions are confirmed on the relay chain (the mainnet) at a rate estimated to be 1,000 transactions per second, according to the protocol.

Additionally, this blockchain will enable the creation of “bridges,” which are new features that will allow different blockchains to connect and interact with one another. This includes cryptocurrencies such as Bitcoin (BTC), Cosmos (ATOM), Ethereum (ETH), and EOS, which are all available on Alfacash as well.

It’s important to note that Polkadot employs Proof-of-Stake (PoS) technology rather than traditional mining methods. As a result, anyone can stake the native token and receive rewards in proportion to their stake.

The steps involved in trading are straightforward. Select Buy or Sell from the Alfacash drop-down menu, then DOT, enter the amount, and select your preferred payment method. That’s all there is to it!

With Polkadot, you can create a variety of looks.

Make use of the mainnet to develop one-of-a-kind blockchains and Dapps.
Make use of the coins to complete transactions more quickly.
Holding on to a position will result in future profits. DOT is already the eighth most valuable cryptocurrency in terms of market capitalization, and its price has increased by more than 1,746 percent in the past year.
Annual rewards of up to 13 percent are available to stake DOT. [Rewards for Staking]
Alfacash allows you to buy and sell whenever you want!
What’s next for Alfacash?

Support for international bank cards from all over the world (pay-in and pay-out functions)
For the year 2021, we will have our own card programme.
Discounts, special programmes, and even more exciting blog posts are all on the way.
The complete list of cryptocurrencies that are supported can be found here. Bitcoin, XRP, Ethereum, Litecoin, Monero, Tether ERC-20, and a slew of other cryptocurrencies are among them.

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Evangeline Christina is a Cyber Security Enthusiast, Security Blogger, Technical Editor, Certified Ethical Hacker, Author at Cyberspecial.net. Previously, he worked as a security news reporter in a reputed news agency.