HomePolygonHow and where to buy Polygon
Polygon logo
Polygon with eToro

How and where to buy Polygon (MATIC) in 3 steps

Polygon logo
Polygon (MATIC)
...
24H Change
...
7 DAYS CHANGE
...
Market Cap
...
Author: Alexander Buckley Updated: March 10, 2022

Polygon, formerly known as Matic, is a network that aims to help blockchains reduce transaction costs, increase transaction speeds, and implement innovations over existing blockchain technologies. 

Built on top of Ethereum, Polygon helps with strenuous network tasks to improve the behemoth blockchain’s efficiency and sustainability. For this reason, Polygon is known as what’s called a layer 2 solution, competing with other blockchains, such as Loopring, OMG Network and Bancor, that provide a similar service. 

Want to start buying Matic now? Visit our preferred broker to get started...

1
Min. Deposit
$10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Polygon relies on a proof of stake consensus to verify transactions and maintain governance and uses its native token, MATIC, to do this. Because of its low fees and high transaction speeds, Polygon remains a front runner in the Layer 2 solutions space, with MATIC being one of the most heavily traded coins in the crypto market.

Find out more about the Polygon network and its use cases, plus how to buy Polygon from reputable brokers in three easy steps here.

3 steps to buy MATIC 

Step 1: Sign up to a broker or exchange

Register an account with one of our recommended trading platforms. Like opening a bank account, you’ll need to provide your contact details, proof of address and identification such as a driver's licence or passport.

Step 2: Deposit funds

Use your debit or credit card to fund your account. This is similar to buying anything online with a card, and your money should appear in the exchange reasonably quickly. However, if you choose to make a bank transfer, be aware that this could take a few days to clear.

Step 3: Buy MATIC

With your funds ready to use, search for Matic in your trading platform’s search bar. The name and ticker should appear paired with another crypto, such as BTC or USDT. Choose the trading pair with the lowest fees and select how many tokens you’d like to buy. Remember that most cryptocurrency exchanges are denominated in USD, so be sure to calculate the right amount of MATIC you will get if you use a different currency. Then simply hit the ‘buy’ button.

Where to buy Polygon (MATIC)

MATIC is a popular token and is available on most crypto exchanges. Because of its popularity, it’s worth going with a large, well-known broker with high levels of liquidity. This will save you the stress of incurring hefty fees. Below are some of our recommended trading platforms to buy some Matic.

1
Min. Deposit
$10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full regulations list:

Why buy MATIC?

The Polygon network brings scalability solutions to the Ethereum blockchain, and users can easily switch between Ethereum and Polygon. On NFT projects such as OpenSea, Polygon provides a cheaper alternative to Ethereum, where gas fees can be exorbitant when there’s too much congestion on the network. 

Polygon is a solid project backed by well-known investors such as Sequoia and Softbank. Through acquisitions of zero-knowledge rollup projects and Web3 applications, Polygon continues to expand its reach and bolster the network's sustainability with no signs of slowing down.

In short, If you believe in the future of layer 2 solutions like Polygon and believe that even after the launch of Ethereum 2.0, they will serve a vital function in the Web3 ecosystem, then investing in MATIC could be a good investment.

Where to store your MATIC

You can keep your assets on your cryptocurrency exchange, which many people tend to do. However, for greater security, it's worth transferring your tokens to a non-custodial wallet such as Metamask. Better still, hardware wallets such as the Ledger Nano S provide even more security. Below are some recommended hardware wallets to consider.

1
Min. Deposit
-
Promotion
User Score
10
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:
2
Min. Deposit
-
Promotion
User Score
9.3
Get instant delivery by filling in the order form and get your coins instantly
Smart algorithm allows you to receive exactly the same amount you have paid for
Use your credit or debit card from VIsa/Mastercard/Maestro to make online crypto purchases
Start Trading
Payment Methods:
Full Regulations:

Frequently Asked Questions

  1. You can visit the Polygon network website and connect to the network by signing into your wallet. From there, you’ll be able to bridge tokens between Ethereum and polygon and do activities on decentralised applications (dApps) on Polygon.

  2. MATIC can be used to pay for transaction fees on the Polygon network, can be staked to earn rewards, and can act as governance tokens to vote on network proposals. You can also stake your coins on popular crypto exchanges to earn rewards—yield— or by connecting to the Polygon network and delegating your tokens there.

  3. Polygon is home to a wide range of exciting and innovative dApps. These include Pegaxy, a horse racing and betting game application; Quickswap, a decentralised exchange; and Sunflower Farmers, a play-to-earn game where users can mine, craft, plant, and ultimately build their virtual farm.

Alternative Cryptocurrencies

Axie Infinity logo
Axie Infinity
AXS
...
...
Ravencoin logo
Ravencoin
RVN
...
...
Elrond logo
Elrond
EGLD
...
...
We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.