Last update: Jun 6, 2022

How to Buy Polygon (MATIC)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Polygon. Depending on your country, you’ll have a few cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Polygon

How to Buy Polygon – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Polygon of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Polygon

Now that you have what you need to buy Polygon, head over to the market or buy section of the cryptocurrency trading platform and buy some MATIC.

If the crypto exchange doesn’t have any Polygon on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Polygon first), and trade your Ethereum for Polygon.

Where to Buy Polygon (MATIC)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Polygon

  1. Sign into the cryptocurrency exchange where you bought Polygon.
  2. Move your Polygon to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Polygon.

 

Crypto trading

How to Buy Polygon (MATIC) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Polygon in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Polygon if it’s available. If the exchange doesn’t have Polygon. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Polygon), and trade your ETH for Polygon.

Alternatively, if you want to know more about the exchanges we prefer, read our comparison of the best Australian crypto exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Polygon (MATIC) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Polygon in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Polygon if it’s available. If the exchange doesn’t have Polygon. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Polygon), and trade your ETH for Polygon.

Also, take a look at our analysis of the best places to buy bitcoin in Canada If you’re curious to know more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Polygon (MATIC) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Polygon in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Polygon if it’s available. If the exchange doesn’t have Polygon. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Polygon), and trade your ETH for Polygon.

Also, check out our comparison of the safest crypto exchanges in the UK If you’re curious to know more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Polygon? MATIC Rundown

Polygon (previously Matic Network), is the first platform that allows for easy and well-structured scaling of Ethereum. The core component of the platform is Polygon SDK. This modular and flexible framework supports multiple types applications.

Polygon allows you to create ZK rollup chain, optimistic rollup chains and stand-alone chains.

Polygon transforms Ethereum into an entire multi-chain system (aka Internet of Blockchains). This multi-chain system is similar to others such as Cosmos, Avalanche, Polkadot and Cosmos. With the benefits of Ethereum's security and vibrant ecosystem.

The $MATIC token will remain in existence and play an ever more important role in securing the system as well as enabling governance.

Polygon, formerly Matic Network, is a Layer 2 scaling solution that Binance and Coinbase have backed. This project aims to encourage mass adoption of cryptocurrency by solving the scaling problems on multiple blockchains.

Polygon is a combination of the Plasma Framework with the proof-of stake blockchain architecture. The Plasma framework, as suggested by Vitalik Buterin (co-founder of Ethereum), allows the execution of scalable, autonomous smart contracts.

The existing ecosystem built around the Plasma-POS chain will not be affected. Polygon is developing new features around existing technology in order to better serve the diverse needs of the developer community. Polygon will continue to improve the core technology to make it more adaptable to larger communities.

Polygon can process up to 65,000 transactions per minute on a single sidechain chain. It also boasts a respectable block confirmation speed of less than 2 seconds. This framework allows the creation of decentralized financial applications that can be used worldwide on a single foundational Blockchain.

Polygon can house unlimited numbers of decentralized applications using the Plasma framework without having to deal with the usual drawbacks of proof-of-work Blockchains. Polygon has so far attracted more 50 DApps onto its PoS-secured Ethereum sidechain.

MATIC, which are the native tokens for Polygon, can be used as an ERC-20 token on the Ethereum blockchain. These tokens can be used to pay for services on Polygon or as settlement currency between Polygon users. MATIC tokens are used to pay transaction fees for Polygon sidechains.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.