When shopping for an exchange, evaluate the platform’s security, and look for one with low fees and low account minimums. For those new to the crypto lingo, a Layer 2 crypto is built on top of an existing blockchain. In this case, Ethereum is the Layer 1 crypto and Polygon is the Layer 2. 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.
Polygon has a complete ecoystem of DeFi and NFTs that take advantage of the Ethereum blockchain while improving transaction times and lowering gas fees for participants. Buy Polygon MATIC instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more. Cue Polygon, a Layer 2 scaling solution that runs parallel to the Ethereum blockchain.
While this route can be more technical, you won’t pay as much in fees. We believe everyone should be able to make financial decisions with confidence. See our pricing page to see the different limits to buy MATIC by bank transfer, by card, with or without KYC. Huobi Global is one of the top exchanges that currently offers Polygon (MATIC) trading opportunities. 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.
If you’ve decided to act on that info and MATIC now features in your crypto portfolio, you’ll probably want to keep up to date on developments related to the project. For up-to date crypto asset explainers, check out our Exodus News & Insights page. Kriptomat customers are able to purchase Polygon for cash with either a credit or debit card. Card transactions also provide an instant solution to get you into the cryptocurrency game immediately – no waiting for funds to settle. You can buy Matic on centralized exchanges, including Coinbase, Kraken and Binance.US.
Using a VPN while signing up to and using Binance international
A limit order lets you manually set the price at which you want to buy Polygon / Matic Network (MATIC). Once you have Bitcoin, send it to your Binance Bitcoin (BTC) address. https://cryptominer.services/how-do-i-buy-and-sell-cryptocurrency/ Once the details have been entered you will be given a summary of your purchase. Many users hold on to their Polygon (MATIC) with the expectation of it increasing in value.
- Trust also includes a Web3 Browser that allows you to interact with decentralized applications (DApp) through the App.
- As opposed to Ethereum’s Proof of Work (PoW), Polygon employs the energy-efficient and overall better Proof of Stake (PoS).
- We have a level 1 PCI DSS certificate that guarantees the bank class security for your operations.
- Use your Polygon MATIC to purchase goods and services from any participating merchant that accepts %name% and cryptocurrency.
You can find several crypto exchange platforms online that sell MATIC. Furthermore, BYDFi follows solid security measures and relies on the ‘Know Your Customer’ policy, making it a safe platform to trade cryptocurrencies. 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.
Payment methods to buy Polygon
You can buy MATIC, the native token of Polygon, using a regulated cryptocurrency exchange platform, such as BYDFi. Polygon is designed to scale the Ethereum network and improve its functionality. 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. Enter your email address, your country of residence and a strong password (take password security for this as seriously as you would for your bank account). Once the review process has passed you will be asked to add your credit card or debit card details to Binance.
Its focus areas, including GameFi and Web 3.0 are expected to power the adoption of Polygon’s technology and drive the MATIC price upwards. Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume. Use your Polygon MATIC to purchase goods and services from any participating merchant that accepts Polygon MATIC and cryptocurrency.
Where to use MATIC?
Because crypto trading is available 24 hours a day, seven days a week, traders
plan their trading at any time of day. BuyUcoin provides SCIP for Polygon as a long-term investment, it will
avoid crypto market volatility and fluctuation. They can provide a reasonable source of
after retirement or provide a much-needed financial freedom during a sudden economic downturn. The decentralised nature of Polygon trading allows you to own and store
without the involvement of a third party.
Use your Polygon MATIC to purchase goods and services from any participating merchant that accepts %name% and cryptocurrency. MoonPay offers a fast and easy way to buy Polygon MATIC with credit card. Several US-based platforms offer Polygon, and you can purchase MATIC through many international exchanges.
Which credit cards are accepted for crypto purchases?
Polygon is not the only proof-of-stake technology advertising scalability as its primary advantage. Solana, for example, also touts high speeds and low cost and, as of July 2022, has a market cap nearly double that of Matic. Many or https://bitcoin-mining.biz/beginners-guide-to-mining-bitcoins/ all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money.
Find and choose MATIC as the receiving token and select the fiat currency you want to purchase it with. Initiated as a quick sidechain to Ethereum, Polygon aims to lower costs and increase the speeds of transactions of the mainstream blockchain. Due to being compatible with many popular crypto https://topbitcoinnews.org/bdswiss-uk-review-2021/ apps that used to be Ethereum-exclusive, it has managed to carve its path to the top ranks of the market. It’s very important to note that you must use a VPN EVERY time you access Binance international, otherwise it may be detected that you’re in the US and your account will be locked.
Buy Polygon (MATIC) via Bank Transfer
Self-explanatory in nature, these wallets are small apps that you can install on your mobile devices to store and send Polygon MATIC tokens. Mobile wallets can be made secure by the simple act of using your mobile security features such as password protection, making it difficult for someone to gain access. To be able to purchase Polygon’s MATIC tokens, you will need to fund your account.
This is a service allowing you to get rewards for keeping coins at your CEX.IO balance. It’s quite easy and comfortable to use since we do not lock your funds for the staking period. Being the native token of the Polygon, MATIC is mainly used for the operations within the network. Participants can use MATIC as the unit of payment and settlement. The project team states that Polygon can handle up to 65,000 transactions per second on a single side chain, with a block confirmation time of fewer than two seconds. The framework also facilitates the development of globally available decentralized financial applications.
The most common example of MATIC web wallets are the ones provided by Cryptocurrency exchanges. Any Polygon MATIC purchased through a site is automatically stored in the platforms’ web wallets. Though extremely convenient, this can be risky since the wallet is ultimately controlled by the exchange and any incident such as a hack can result in loss of assets. Crypto platforms will always provide you with their internal crypto wallet that supports the Polygon MATIC token, but this might not be the best option. Cryptocurrency exchanges always run the risk of being hacked or may shut down abruptly, meaning you can always lose your investment.