How To Sell Polkadot (DOT)

Jan 11, 2023
3 min read

This blog post will cover:

  • Where and when to sell DOT
  • How to sell Polkadot (DOT) on SimpleSwap

With SimpleSwap you have an opportunity to sell DOT quickly and conveniently. We offer a high level of security and swaps to a wide variety of cryptocurrencies and fiat. You are welcome to sell crypto and get EUR or USD in return.

DOT is a native coin of Polkadot. It has three main functions: governance, operating the network, and creating parachains. DOT holders will be able to participate in some governance decisions by voting. They have a more active role in supporting the consensus mechanism and creating parachains by staking and bonding.

Where and when to sell DOT

There may be a lot of reasons to get rid of the DOT coins. For example, if you are not willing to stake your crypto anymore. Or the market situation does not look optimistic enough. However, we strongly recommend doing your own research before making a decision.

Whatever the reason you decide to sell DOT, the SimpleSwap exchange is here to help. We meet the needs of our customers and eliminate any worries connected to crypto swapping.

How to sell Polkadot (DOT) on SimpleSwap

Let’s assume you decide to sell Polkadot for USD. Here are the instructions on how to sell your crypto:

  • Choose the DOT-to-USD pair
    There should be Polkadot (DOT) in the “You send” section.
    Enter the amount of DOT coins you would like to sell.
    Check that there is US Dollar (USD) in the “You get” section.
    Click the “Exchange” button.
  • Confirm your intention to sell Polkadot
    Check the details and click the “Create an exchange” button.
    To continue crypto-to-fiat operation you need to agree with the Terms of Service and Privacy Policy.
    If everything is fine, click the “Sell” button.
  • Provide the necessary information to sell DOT
    You will be redirected to the page operated by our partner Mercuryo to sell Polkadot (DOT) for US Dollar. You’ll be asked to provide your email and verify your identity.
    Fill in the card info, you will get USD to this bank card when the operation is finished. Don’t forget to mention your refund address.
  • Sell DOT and receive USD
    Then, you’ll see a wallet address to send DOT. When it is done, just wait for USD to come to your bank card. Track your operation status by email.

Looks pretty simple, right? We are also glad to provide you with a great detailed video guide to show the whole step-by-step process of dealing with fiat-to-crypto operations.

Please, notice that a fiat-to-crypto and crypto-to-fiat exchange feature is offered to you by Mercuryo, SimpleSwap’s independent partner. SimpleSwap doesn’t keep or have access to your personal data and does not assume any liability or any loss or damage caused by your usage of Mercuryo’s services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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