How to Buy xcDOT Crypto (XCDOT)

What is xcDOT (XCDOT)?

According to Coingecko, xcDOT is : Moonbeam, the top destination for multi-chain applications on Polkadot, has now added the DOT token for use within its DeFi ecosystem — the first XCM integration on Moonbeam. As an XC-20, xcDOT is now compatible with the ERC-20 standards in active use on Moonbeam, allowing existing DOT holders to deposit their tokens on Moonbeam through the DApp and actively use them in things like decentralized exchanges, liquid staking protocols, and lending and borrowing applications for the first time. This update was made possible following the rollout of XCM on Polkadot, introducing cross-chain capabilities for the first time for all parachains.

Where can I buy XCDOT Crypto?

The best website to buy xcDOT 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 xcDOT on Simpleswap

To buy xcDOT 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 XCDOT, just like in this example:

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

With Simpleswap, you'll receive your xcDOT 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.