Polkadot (DOT)

Coinbase will adopt Polkadot blockchain's minimum address balance requirement of 1 DOT at this time.

What is Polkadot (DOT)? 

Polkadot is a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Polkadot aims to achieve high degrees of security and scalability. DOT serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains.

What products support DOT?

  Send/Receive Trading
Coinbase             ✔      ✔
Pro            ✔      ✔
Wallet           ✖️     ✖️

What regions support DOT?

  US NY CAN EU UK DE SG JP
Coinbase     ✔   ✔   ✔   ✔   ✔ ✖️ ✖️
Pro     ✔   ✔   ✔   ✔   ✔ ✖️ ✖️
Wallet  ✖️  ✖️   ✖️  ✖️  ✖️ ✖️ ✖️ ✖️

 Crypto to fiat trading pairs

  US UK EU
USD   ✔ ✖️ ✖️
GBP ✖️   ✔
✖️
EUR ✖️  ✔  ✔

Crypto to crypto trading pairs

  USDC BTC ETH USDT
DOT     ✖️   ✔   ✖️    ✔

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for DOT?

10 confirmations are needed. Learn about transaction confirmations.

Which blockchain network hosts DOT?

DOT is hosted on the Polkadot blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 1.03 and a maximum of 13,000 to send from Coinbase to an external address.

In Polkadot, an Existential Deposit is a minimum balance required to keep an address alive. If an address’s balance goes below this value, the address is reaped which discards any remaining funds and the nonce for the address is reset. The Existential Deposit for an address is 1 DOT.

Was this article helpful?

Can’t find what you’re looking for?

Contact us