Best Polkadot Wallet USA – 4 Best Polkadot Wallets in 2021

Polkadot is a protocol that made blockchain interoperability possible. Its recognition, adoption, and value plus trading volume have been on the rise since its launch.

Now, the open-source sharding protocol is occupying a significant position according to its market capitalization. But to make any investments in Polkadot DOT coins, you must use a suitable wallet. Such a wallet should be secure, easy to use, reputable, and regulated.

The good news is that we’ve discovered some of the best Polkadot wallets in the USA and will share their details below. With the likes of eToro, Binance, Coinbase, and Kraken, you can buy as many DOT coins as you want and engage in trading activities or even store your coins without fear of cybercriminals.

So, check the details of these Polkadot wallets below. There is also a guide on using eToro, the best Polkadot wallet in the USA.

#1 Polkadot Wallet In the USA – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Polkadot Wallet in USA – Top 4 Wallets

Finding the best Tron wallet USA for your Polkadot coins can sometimes seem daunting. But we simplify it below by choosing the top 4 wallets that are reliable, secure, and efficient.

  • 1 eToro – Top best Polkadot wallet in USA
  • 2 Coinbase – Best Polkadot wallet USA suitable for beginners
  • 3 Binance – Best Polkadot wallet in the USA for digital asset diversification
  • 4 Kraken– Best Polkadot wallet US for Pro Investors.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Tron wallets in the USA – Full Reviews

To buy DOT coins and store or trade them, you need the best Polkadot wallet in the USA. The wallet you choose must ensure the security of your coins by maintaining strong security practices.

Also, it must be easy to use and support seamless buying and selling of your digital assets. You should also use it on different devices, and it will even support easy asset swapping.

So, having considered all these requirements, we picked the top Polkadot wallets that meet them very well. Read the review in detail.

1. eToro – Best Polkadot Wallet in USA

eToro is your one-stop-shop for a fully functional Polkadot wallet in the US. It has up to 20 million satisfied clients all over the world. The broker is secure and ensures seamless asset purchases, storage, selling, and trading. You can use the eToro wallet no matter the level of your technical skills.

As for regulations, eToro takes the lead in that aspect. The broker operates under the strict rules of top financial bodies such as Australia ASIC, Cyprus CySEC, and the UK’s FCA. Also, its wallet is available and compatible with both iOS and Android users. You can download it freely and access your eToro account from many platforms.

The wallet app is also very secure as Gibraltar’s GFSC regulates it. Also, when you’re using the eToro mobile app, it uses multi-signature and standardized protocols facilities. Also, it has DDoS protection to protect your funds from cyberattacks. eToro also allows users to restore their accounts if they lose their private keys.

etoro crypto wallet etoro crypto wallet

One great thing to note is that you can store more than 120 alternative coins in the wallet, including Polkadot. Also, many tokens are available on the main platform for users to invest in and make good returns. You can buy and trade the likes of Bitcoin, Ethereum, Litecoin, Tezos, Dash, Cardano, Ripples, etc. Moreover, eToro is a spreads-only broker and only takes 0.75%off your trades.

Apart from cryptocurrencies, many markets are also at your disposal through the eToro wallet. You can access commodities, stocks, ETFs, etc., and spends zero commission on such transactions. The best part is that you can start with a minimum deposit of $25 through fiat currencies.

Also, your deposits can be through debit/credit cards, bank transfers, or even through Skrill, Paypal, or other e-wallets. Moreover, if you’re a beginner, the eToro copy trader feature will help kickstart your investment.

eToro Fees

Receiving and Sending Crypto $0
Conversion Fees 0.1%
Transfer Fees $1-$50

Pro

  • Provides an Android & iOS wallet app
  • Regulated and monitored by FCA, CySEC, and ASIC
  • Helps beginner with Copy Trading Tool
  • Supports fund deposit with fiat currencies
  • Accepts bank transfers, e-wallets, and card transfers
  • Charges commission on a spreads-only basis

Cons

  • Not enough technical tools for advanced users
  • Doesn’t support MT4 & MT5

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Polkadot Wallet For Beginners

coinbase wallet

Coinbase made our list of the best Polkadot wallets in the USA because it is secure, easy to use, and also facilitates seamless transactions.

This is why the broker also records more than 56 million investors and traders relying on its services to embrace digital assets. In addition, the broker offers both the web and mobile wallet for users to store and transact with their Polkadot DOT coins.

With the web wallet, the custody of the private keys remains with the broker. But the mobile wallet allows users to safeguard their private keys themselves.

You can easily download the mobile version from the app store and also get the web version as your browser’s extension. But don’t worry, the broker stores more of its user’s assets in cold storage to thwart hacker’s attempts.

Coinbase offers a wallet compatible with Android users and also a version for iOS version. All these apps are free, secured, and support more than 500 tradable tokens of all sizes. By that, you can trade Bitcoin, Dai, Ethereum, Tron, XRP, Uniswap, Solana, Dogecoin, plus many others. In addition, this broker also offers many DeFi (decentralized finance) coins, ERC-20 tokens, and many NFTs (non-fungible tokens). So, you have a plethora of digital assets to purchase and store through a single interface.

But bear in mind that Coinbase charges up to 1.49% for buying and selling the Polkadot token. Also, the charge for depositing funds with debit or credit cards at 3.99% is a bit high. Also, Coinbase is strict on its KYC requirements, and as such, you must meet them before transacting through your wallet.

Coinbase is operating under the license of FinCen that permits it to render money services. It also operates within the boundaries of the local laws wherein it operates. Also, every user must verify themselves thoroughly and also adhere to other procedures & policies which the broker upholds. The best part is that the broker allows users to activate the 2-factor authentication to protect their wallets.

Coinbase Wallet fees

Trading 0.50%
Credit Card Purchases 3.99%
Bank account or wallet purchases 1.49%

Pros

  • Secures users’ assets in cold storage facilities.
  • Provides an iOS and android-compatible crypto wallet
  • Exposes investors to many digital currencies
  • Follows standard security procedures.
  • Records above 56 million users globally
  • Support debit cards purchases

Cons

  • Debit cards deposits are high at 3.99% charges
  • High commission of 1.49% on trading

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Best Polkadot wallet Asset Diversification

Binance

Binance is a top-rated broker all over the world due to its vast lists of diverse digital assets. It also records high trading volume and serves more than 100 million traders and investors. Using Binance’s renowned Trust wallet is a way to go when investing in DOT tokens.

This wallet even leads you directly to PancakeSwap, a DEX where you can convert your cryptocurrencies anonymously and securely. There is also the web wallet that utilizes cold storage facilities to safeguard users’ investments. Binance also has a savings account that enables users to make money when they hold their tokens for some time.

The main platform offers many digital assets under the proof-of-work and the proof-of-stake principles. It also lists NFTs and DeFi coins for investors who want to explore innovative options. You can even find the Binance smart chain coins on this brokerage site all through the Binance Trust wallet.

trust wallet

Once you download this wallet, you’re exposed to many cryptos up to 500 plus. Binance lists Bitcoin, Monero, Ripple, Ethereum, Terra, Chainlink, SushiSwap, plus other blockchains. The wallet is very secure and simple for even beginners to use. Moreover, advanced traders can also find the necessary technical tools required for in-depth exposure to trading.

Most interestingly buying DOT is easy through the Binance wallet app. Since it supports both credit and debit cards, you can buy or sell your DOT tokens when you want. But bear in mind that Binance requires users to upload their IDs to complete the verification process. Since it is a broker that complies with the KYC and AML policies, users must pass through them before exposure to the full Binance services.

Binance Wallet Fees

Trading & Transaction 0.1%
Instant Buy or Sell 0.5%
Debit card 4.5%

Pros

  • Works for beginners and advanced traders
  • Records millions of users globally
  • Ensures near-instant deposits via credit and debit cards
  • Offers a savings account for crypto holders
  • Lists numerous asset pairs
  • Low commission at 0.1%
  • Highest trading volume

Cons

  • No e-wallet withdrawals & deposits
  • Limited cards purchases

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Kraken – Best Polkadot Wallet USA For Pro Investors

Kraken wallet is one of the best Polkadot wallets in the USA as the exchange boasts lower trading fees and top-notch security. In addition, its wide range of cryptocurrencies pushes the wallet as a good option for both professional investors and beginners.

The broker is safe and has never suffered any major loss from hack since its inception. Kraken utilizes offline cold storage for the security of its customers’ funds. Also, the exchange activates technological encryption of users’ personal information for adequate protection.

The platform is quite simple and easy to use, having a friendly interface for navigation. The account opening process is simple and can complete in a few minutes without hassles. Also, you can deposit funds to buy digital assets instantly through debit/credit cards. In addition, there’s the available option of bank transfers and an e-wallet in funding your Polkadot wallet.

When it comes to fees, Kraken is considerably low within the industry’s average charges. It charges $5 for deposits and withdrawals through bank transfers. Credit/debit card transactions go with a 3.75% fee.

Furthermore, Kraken offers great features for its wallet users. The platform tends to center more on professional investors with features like order submission, market charts, balances trading, and others. The margin trading feature for experienced investors allows them to borrow money for the purchase of their investments as collateral.

Also, users can stake some specific tokens from their wallets to earn rewards. From your Polkadot wallet on Kraken, you can buy, sell and trade different digital assets conveniently. Some of the listed cryptocurrencies include Chainlink, Bitcoin, Ethereum, Curve, Dogecoin, Tether, Uniswap, Ripple, USD Coin, etc.

Kraken Wallet Fees

Instant Buy

 

1.5% for (Buying, selling, and converting orders)
ACH bank transfers 0.5% (processing fees)
Debit card or credit card transactions 3.75%
Trading Fees on Pro (Less than 50K) Taker fee 0.26%

Maker fee 0.16%

Deposit Fees (Bank Wire for US Residents) $5
Bank Wire Withdrawal in USD $5 (US residents)

Pros

  • Great security with no history of hacking.
  • Crypto staking rewards.
  • Availability of a wide range of digital assets.
  • Great trading features for investors.

Cons

  • High fees for newbies who engage in instant purchasing.
  • Features may be too complex for beginners.

67% of retail investor accounts lose money when trading CFDs with this provider.

What Is a Polkadot Wallet USA?

A Polkadot wallet is a digital storage for your DOT and other tokens. The best amongst them is usually safe and can secure digital funds from hackers. The best Polkadot wallet in the USA, like eToro, includes the following features with good payment options and low fees.

etoro app

  • It allows you to buy, store and exchange and sell your Polkadot tokens without stress.
  • You can freely and easily access the funds in your portfolio.
  • It safely secures your digital assets from the wrong hands.
  • Allow you to add other cryptos to your digital portfolio.

However, the best Polkadot wallet in the USA exists in various forms, Polkadot Mobile App Wallet, and Polkadot Hardware Wallet. They also include Polkadot Web Wallet and Polkadot Desktop Wallet; you can get more details in the next section.

In addition, you may receive two security keys depending on the type of Polkadot wallet, a private and a public key. The private wallet key permits only you access to the wallet, while the public key allows you to send cryptos into your wallet.

The latter is similar to giving someone your fiat account number or sort code. Some of these wallets can store your tokens safely without the need to look after your private keys. This option may be the best for newbies to prevent the mistake of disclosing their secret information to crypto criminals.

How to Find The Best Polkadot Wallet USA

There are certain things to consider while choosing the bests Polkadot wallet in the USA. These factors range from the wallets types, regulation, and security features, as we shall see below.

1. The Type of Polkadot Wallet

There are different types of Polkadot wallets available for crypto investors in the USA. They include;

Polkadot Mobile App Wallet

You can download and install this wallet type on your mobile phone. It involves registering with the best Polkadot provider like eToro and then install the free wallet application. You can also download the eToro mobile wallet from the relevant app store. The best Polkadot Mobile wallet in the USA will:

  • Enable you to buy, swap, sell and store your Polkadot tokens anywhere.
  • Require you to use a 2FA or fingerprint security.
  • Allow you to view real-time prices of your assets and how they are performing.
  • Be easy to download and install at no cost.
  • Support multiple cryptos with an easy navigation option.

eToro mobile Polkadot wallet is regulated and supports more than 120 digital currencies; it also uses advanced security options.

Polkadot Hardaware Wallet

A lot of investors consider the hardware wallet as a safer option as regards storing digital currencies. The best Polkadot hardware wallet has the following features;

  • It’s a physical device and looks like a USB drive.
  • It issues a private passkey that will enable only you access to the wallet.
  • It stores your funds offline (cold storage), keeping them away from cybercriminals.

Choosing a hardware wallet means you have to update all the software regularly, backing up and encrypting your data. You also need to hide your seed recovery phrase where no one can access it etc. However, the major shortfall of this wallet type is that you cannot access your funds except with your computer. Unlike the mobile wallet, you can access it anytime and anywhere, provided your phone has internet access.

Web Wallet

The Polkadot web wallet option allows users to buy, store and sell DOT tokens seamlessly. They are the type of wallets that brokers or exchanges offer and don’t require you to download any app. This saves you the stress of securing your investment or private keys yourself. The only basic thing here is to sign up with secured and financially regulated brokers like eToro.

The CySEC, FCA, and ASIC regulate eToro, and they offer a more secured wallet for storing your DOT tokens. You can buy DOT tokens in eToro with a minimum affordable amount of $25. eToro web Polkadot wallet also allows you to cash out your funds with just a trading order.

Desktop Wallet

This is another type of Polkadot wallet that you can access on your computer. It’s best when you are always at home or have unlimited access to your laptop or PC. However, it’s installed on the computer, and that makes it the least option for modern investors and traders. They may need to quickly explore a trading opportunity and cannot because maybe they are not with their system.

2. Polkadot Wallet Security Features

Security is a necessity when it comes to choosing a Polkadot wallet in the USA. Knowing the security level of your wallet provider will save you the heartbreak of losing your funds to online thieves. The best Polkadot wallet should have the following basic security features;

Device and IP Whitelisting

This is a safety measure that requires you to add the addresses of consistent and trusted senders to your own address book. This will enable you to send out cryptos to only these wallet addresses for legitimate transactions.

Two-Factor Authentication (2FA)

This is a popular and common security feature that almost all crypto wallets in the USA offer. It requires you to identify yourself in two ways, using a one-time passcode (OTP) and your wallet details. Then, they send the OTP to your phone as an SMS, and you need to complete the process before you can access your wallet.

Regulation

New investors that are not yet experienced enough to protect their private keys often use the Polkadot web wallet. They entrust their investments to the wallet provider; this is the major reason you should choose a regulated broker. The FCA regulates and approves eToro, making it a safe wallet to store your DOT tokens. It also allows you to withdraw your funds easily.

3. Buy, Sell, and Swap Features

Many modern investors and traders prefer a wallet that allows them to easily buy, swap, and sell their cryptos. On the other hand, they see the wallets with only the storage feature as old-fashioned.

eToro allows you to complete the three trading processes with ease with a minimum investment of $25. Moreover, you can cash out with a single order without needing a third-party exchange. eToro also accepts multiple payment options like Debit/Credit cards as well as PayPal.

4. Listed Crypto Markets

The best Polkadot wallet allows you to add other cryptos to your portfolio irrespective of the trading volume. They should have a wide listing. However, Many brokers today list only the popular cryptos while other lists even the ones that just came up.

The eToro regulated Polkadot wallet supports DOT tokens and more than 120 altcoins, including the new ones.

5. Portfolio Data

You should be able to access real-time price updates with the best Polkadot wallet in the USA. Also, consider if you can view your fund in other currencies in case there is a need for such conversion.

How To Get Started With The Best Polkadot Wallet – Full Guide

This section gives a step-by-step guide on how to come on board with the best Polkadot wallet in the USA. It uses the eToro wallet, as a case study. The wallet provider doesn’t charge an extra fee for storing your DOT tokens, and its user friendly.

Step 1: Sign- up or Register

how to join etoro

This is the first step to take to get started with a DOT wallet. Visit the eToro official website and click ‘join now’ to create an account. Fill the form on your screen as shown below and carefully input your name, user name, and password, etc. After providing all the required details in the form, click ‘Create Account.’

eToro, similar to other regulated brokers, may need you to provide answers to few questions on your trading experience. However, the entire process is simple and easy.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Complete The KYC Process

According to the anti-money laundering policy, the broker will require you to go through the KYC process. Simply upload a copy of your driving license or passport to validate your identity. Also, upload a copy of your recent utility bill or bank account statement to confirm your address. The later documents will be the one generated within a period of not more than 3months.

Step 3: Download eToro Polkadot Wallet

etoro wallet

USA investors can download the eToro wallet from Google Play for Android phone users or App Store for iPhones users. But the safest way to download an eToro wallet is through the official webpage. It has links or options for both Android and iPhone users. After successfully downloading the eToro wallet, you can then install it within a few seconds.

With your user name and password from step 1, log in to your new eToro account.

Step 4: Add DOT Tokens to Your eToro Wallet

There are two ways you can add the DOT tokens to your wallet. Either you buy the DOT tokens directly with fiat currencies or transfer them from another wallet.

Buying Polkadot: This involves funding your account with some amount of fiat currencies using a payment method of your choice. For eToro, you can use a Debit/Credit card or PayPal, and it requires no exchange fee for the U.S dollar. Once the funds enter your account, place a buy order through your wallet, the tokens will instantly enter your wallet.

Transfer Polkadot From another Wallet: This option is for investors or traders that already have some DOT tokens with an exchange or in another wallet. You can move the DOT coins to your eToro wallet by simply copying the public address that eToro provides. Carefully paste the eToro wallet address to the place where you have the DOT coins. Completing this process will move the DOT coins to your new eToro Poldkadot wallet.

Remember, with the eToro Polkadot wallet; you can store over 120 other cryptos and trade 500+ pairs.

Conclusion

This guide explains the best Polkadot wallet in the USA as one with basic security features like the 2FA. It should also have a multi-signature security feature to ensure the security of your investments. The best Polkadot wallet supports various altcoins with a multifunctional storage option.

The eToro mobile Polkadot wallet allows you to buy, store, receive and sell your DOT tokens with ease. It supports over 120 cryptocurrencies and allows for crypto conversion.

Best Polkadot Wallet In the USA – eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Mike Dalton PRO INVESTOR

Mikey Dalton was a library research assistant before stepping into technology journalism. He is curious about how the tech world works, and he is always amazed by the abrupt growth of blockchain technology.