If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy Polygon. MoonPay follows strict security measures to ensure you have a safe Polygon MATIC purchase. For those new to the crypto lingo, a Layer 2 crypto is built on top of an existing blockchain.
MATIC can be used to participate in DeFi applications on the Polygon network, at much quicker transaction speeds and lower gas fees than the Ethereum mainnet. Convert your Polygon MATIC to another cryptocurrency directly in your wallet or by using a DeFi application. There are many custodial and non-custodial wallets to choose from. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. This is done by combining the Plasma Framework and the proof-of-stake blockchain architecture.
Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market. Find an exchange to buy, sell and trade MATIC by comparing deposit methods, supported fiat currencies and fees.
How to Buy Polygon (MATIC) in 4 Steps
Find and choose MATIC as the receiving token and select the fiat currency you want to purchase it with. Furthermore, BYDFi follows solid security measures and relies on the ‘Know Your Customer’ policy, making it a safe platform to trade cryptocurrencies. MATIC is Polygon’s native token and can be used to pay fees on the platform, for staking purposes, and for the right to vote on the governance of the coin.
In this case, Ethereum is the Layer 1 crypto and Polygon is the Layer 2. Cryptocurrency is always at risk of serious fluctuations. That’s especially true for Polygon’s native currency, MATIC.
This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. We list the top 6 exchanges that offer the ability to buy Polygon (MATIC) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
- Several US-based platforms offer Polygon, and you can purchase MATIC through many international exchanges.
- As a smart contracts network, Ethereum provides for various economic activities, such as DeFi, DAOs, and NFTs.
- So only invest an amount that you are comfortable with, as cryptocurrencies are risk assets.
- From humble beginnings, Kraken now offers over 200 digital assets including Polygon (MATIC).
As a smart contracts network, Ethereum provides for various economic activities, such as DeFi, DAOs, and NFTs. So only invest an amount that you are comfortable with, as cryptocurrencies are risk assets. If you open an account and connect it to a funding source—such as a bank account or debit card—you can place your first order for Polygon. Enter Polygon’s ticker symbol—MATIC— and the amount you want to invest, such as $50. When shopping for an exchange, evaluate the platform’s security, and look for one with low fees and low account minimums.
Where Can I Buy Polygon?
But some investors see that as an opportunity, especially because Polygon is still one of the top cryptocurrencies based on its market capitalization of $4.6 billion. This exchange is best for investors residing in Australia, Singapore, UK & internationally. The whole process can take as little as 10 minutes and all you’ll need is a smartphone or computer, photo identification and a means of payment. You can find several crypto exchange platforms online that sell MATIC. As for storage, BYDFi securely stores your crypto portfolio in offline devices called cold wallets. However, you can manage security yourself and use a crypto wallet of your own.
You should now have a new BYDFi account and are one step closer to buying MATIC. The steps are near-identical if you choose to register via phone number. BYDFi will send the verification code by SMS; follow the rest of the above steps. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Polygon (MATIC) is in the top 1,000 cryptocurrencies by market cap, valued at $6,340,737,880.
Mistakes to avoid when investing in cryptocurrencies
The MATIC token can be used within the Polygon ecosystem. You can use MATIC to pay transaction fees, stake cryptocurrency, or participate in network governance. Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
- Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
- MATIC can be used to participate in DeFi applications on the Polygon network, at much quicker transaction speeds and lower gas fees than the Ethereum mainnet.
- Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly.
- Initiated as a quick sidechain to Ethereum, Polygon aims to lower costs and increase the speeds of transactions of the mainstream blockchain.
- Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion.
- Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account.
You should be aware that you may lose a significant portion of your portfolio. Optionally, type in an invitation code in the respective field. An alternate way is to start the process through an email sign-up prompt in the middle of the page. Type in your email address and press the [Get Started] button. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
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And it has become popular among decentralized finance platforms, with a strong, rich DeFi and non-fungible token (NFT) ecosystem. The network also claims that it can handle thousands of transactions per second (TPS)—which is pretty quick in comparison to Ethereum’s TPS of around 15. Several US-based platforms offer Polygon, and you can purchase MATIC through many international exchanges. Transfer times will depend on your preferred payment method. As for BYDFi’s part, the transaction is complete within 2-10 minutes.
Polygon is a Layer 2 scaling solution for the Ethereum blockchain that allows users to transact quicker and more cheaply than on the Ethereum mainnet. Use your Polygon MATIC to purchase goods and services from any participating merchant that accepts Polygon MATIC and cryptocurrency. MoonPay offers a fast and easy way to buy Polygon MATIC with credit card. Polygon is designed to scale the Ethereum network and improve its functionality.
How to Buy Polygon Buy MATIC in 4 Steps (August
You will have to go through an online cryptocurrency brokerage like BYDFi. You can buy MATIC via most crypto exchanges using a third-party crypto exchange platform like BYDFi. The token is a frequently traded asset within the community of American traders.
How to buy Polygon MATIC?
Once you create an account and log in, the next step is to transfer the funds and purchase MATIC. Cue Polygon, a Layer 2 scaling solution that runs parallel to the Ethereum blockchain. Many cryptocurrency apps that used to be exclusive to Ethereum can be interacted with in the Polygon blockchain.