How to buy Polkadot (DOT)?

Polkadot is the name of Polkadot's platform. When talking about Polkadot's cryptocurrency (token), this is referred to as DOT. In this article, we will show you the different ways you can buy DOT at Firi.

To buy or sell Polkadot with Firi, you must first complete 3 easy steps.

Set up your Firi-account

Create a Firi account

Before you can buy DOT, you need to create a Firi account with your email or Vipps. Create an account and get started with Firi here.
Verify your account

To be able to shop on Firi, you need to verify your account. You do this easily by connecting to your BankID and completing a simple customer control form.
Make a deposit or buy crypto directly with Vipps, Apple Pay or bank card.
To be able to buy Polkadot via Firi, you must make a deposit in NOK. After making a deposit, you can easily use NOK to buy Polkadot via Firi.

How to make a deposit on Firi?

There are 2 alternative ways to make a deposit on Firi. You can either make a deposit via Firi automatically by connecting to your online bank, or by transferring money manually to an account number.

Whether you want to make a deposit manually or automatically, you must first navigate to the deposit page.

On the Firi app, you will find the page for deposits under the Overview tab, and the tapping Deposit money. If you use Firi on a web browser, you will find the Deposit page under the Main Account tab.

Option 1: Make a deposit automatically without using online banking

Click on Deposit money.
Enter the bank you want to pay from in the search field.
Grant access to the account you want to pay from with BankID.
Enter the amount and sign for the payment with BankID.

Option 2: Make a manual transfer via your online bank.

Click on Deposit money.
Click on Manual transfer.
Use the designated account number and messages to make a manual deposit.
Log into your online bank and transfer the amount you want to deposit with Firi.

Processing deposits usually take up to 1 business day.

How to buy DOT on Firi

To buy DOT from Firi, you have two options.

One is to deposit money via bank deposit and then buy.
The second is to buy directly with Vipps, Apple Pay or a bank card.

When you trade, you will also get the best available price on DOT at the time you trade (market order). However, if you wish, you can enter buy orders at specific prices in advanced trading. We will return to that later in the article. Advanced trading is only available via browser.

Kjøp DOT direkte med Vipps, Apple Pay eller bankkort.

Go to "Trade" and press "Buy Crypto".
Select DOT from the list of cryptocurrencies.
Enter the amount.
Select the payment method "Direct purchase with Vipps", Apple Pay or "Direct purchase with card" from the menu.
Make the payment at checkout to Vipps, Appe Pay or card payment Sign, and voila, you have done the DOT shopping.

Here you see an example of how to buy crypto with Vipps.

Buy DOT via "Trade" when you have made a deposit.

How to make a purchase via Trade:

Log into Firi and click on the Trade tab.
Select the tab that says "Buy" or "Buy crypto".
Select DOT as the cryptocurrency in the bottom field.
Enter the amount of NOK you want to buy DOT for.
Click on Preview Purchase.

How to buy DOT manually via Advanced Trade

How to make a purchase via Advanced Trading:

Log into Firi and click on Advanced Trading on the left side of the Firi dashboard.
Make sure the market you select in the top left corner is set to DOTNOK.
Navigate to the box where it says Buy DOT.
Enter the amount of DOT you want to buy in Amount field.
Enter the price you want to pay per DOT in the Price field.
Click on BUY DOT.
When the price on the market matches the order you have placed, the purchase is automatically executed.

If you have followed these steps, you are now the proud owner of Polkadots cryptocurrency DOT. You can view the balance of your DOT-wallet and other relevant information by clicking on Main Account in the Firi dashboard.