How to Buy Lido Staked Polkadot Crypto (STDOT)

What is Lido Staked Polkadot (STDOT)?

According to Coingecko, Lido Staked Polkadot is : Lido DOT Liquid Staking Protocol, built on the Polkadot chain, allows their users to earn staking rewards on the Polkadot chain without locking DOT or maintaining staking infrastructure. Lido on Polkadot make DOTs liquid while staking. It ensures maximized yield and availability of staking and makes leverage options possible while being decentralized and secure. Users can deposit DOT to the Lido smart contract and receive stDOT tokens in return. Unlike DOT staked directly on the Polkadot network, the stDOT token is free from the limitations associated with the lack of liquidity and can be transferred at any time. The stDOT token balance corresponds to the amount of the Polkadot chain DOT that a holder can withdraw. That becomes possible because of permissionless validator node selection and dynamic reallocation algorithms along with slashing hedging deployed on Moonbeam parachain and empowered by XC-20 cross-chain token standard.

Where can I buy STDOT Crypto?

The best website to buy Lido Staked Polkadot is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Lido Staked Polkadot on Simpleswap

To buy Lido Staked Polkadot on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select STDOT, just like in this example:

Once you selected the currency you want to pay in, and STDOT, you need to paste your respective wallet address where you want to receive your STDOT.

With Simpleswap, you'll receive your Lido Staked Polkadot directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.