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How to buy Polygon (MATIC) in Canada

Learn how to buy Polygon (MATIC) on 23+ crypto exchanges in our step-by-step guide.

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You can buy Polygon (MATIC) on a cryptocurrency exchange like Kraken. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Formerly known as the Matic Network, Polygon can be best described as a decentralised framework that enables the creation of interconnected blockchain networks. Here's how to buy Polygon.

How to buy Polygon in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Polygon is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – interac e-transfer, wire transfer, cash or debit at canada post and apple pay payments are widely accepted.
  4. Buy Polygon
    You can now exchange your funds for Polygon. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Polygon to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Polygon in Canada

Find an exchange to buy, sell and trade MATIC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 20
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Interac e-Transfer, Wire transfer, Cash or Debit at Canada Post, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

183
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
VirgoCX Cryptocurrency Exchange
Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer
CAD, USD

51
cryptocurrencies

Binance Cryptocurrency Exchange
AdvCash, Cryptocurrency, Bank transfer (SEPA), P2P, SWIFT, Bank card
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 60+ more

345
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
CA residents: Binance is not currently available to Ontario-based users.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

247
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
CA residents: Bybit is not currently available to Ontario-based users.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

322
cryptocurrencies

Refer a friend to win a mystery box worth up to US$10,000. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Polygon?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

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.

What will I need to buy Polygon?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Polygon.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MATIC with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Polygon?

Once you've created an account, you will need to deposit funds to buy MATIC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy MATIC:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase MATIC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MATIC on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Polygon?

The easiest way to buy MATIC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

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.

Before buying MATIC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Polygon has been performing recently.

Best Polygon wallets to store your MATIC

You can keep your MATIC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MATIC below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,394+

Price (USD)

$149

Price (USD)

$219

Recent Polygon developments

December 2021: Polygon announced the aquisition of Predicate Labs, the creators of the Mir blockchain. The $400 million deal aims to increase adoption of the Ethereum network by vastly expanding its capacity using zero-knowledge rollups, a layer 2 scaling technology. Mir will be introduced into the Polygon ecosystem using its new name, Polygon Zero.
Polygon announced a strategic partnership with Wanchain, with plans to launch the first decentralised layer 2-to-layer 2 cross-chain bridge. Wanchain, a decentralised blockchain interoperability solution, aims to bridge Polygon and Arbitrum.: https://blog.polygon.technology/polygon-and-wanchain-join-force-usher-in-new-era-of-blockchain-interoperability
December 2021: Polygon’s network was "hacked" by a white hat hacker as part of the team’s goal to eliminate bugs and ensure the protocol’s safety. The hacker discovered an exploit that put US$24 billion worth of Polygon assets at risk. The potential exploit was soon-after patched by developers.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Polygon a good investment?

Below are the aspects you should consider before investing in MATIC:
  • Interoperability: Polygon is one of the few projects that seek to tackle the issue of blockchain interoperability as well as scaling, even trying to address many of the 'perceived limitations' of other smart contract platforms such as Polkadot and Cosmos. For starters, Polygon is fully compatible with the Ethereum Virtual Machine (EVM) – unlike Cosmos that makes use of a WASM virtual machine – making it extremely useful for developers accustomed to using the Solidity programming language.
  • Projects launched: Polygon's framework is currently being used by a number of established projects, including EasyFi – a protocol that enables decentralized borrowing and lending as well as offering users undercollateralized loans – and Aavegotchi – a DeFi-based game that makes use of non-fungible tokens (NFTs).
  • Multiple scaling solutions: The Polygon network seeks to incorporate multiple scaling solutions – namely Plasma Chains, ZK-Rollups and Optimistic Rollups – into its existing setup to help minimize potential entry barriers for newer clients as well as reduce transaction fees.
  • Partnerships: Since rebranding itself in 2021, Polygon has gone on to forge a number of high-profile partnerships with established mainstream entities including Umbria, Atari and OpenPredict.

Additional information about Polygon can be found using our MATIC analysis tools.

Today's Polygon price versus ATH

Compare today's price of Polygon ($1.18 USD) against its all-time-high price of $2.92 USD on 27 December 2021. The closer the bar is to 100%, the closer MATIC is to reaching its ATH again.

Polygon's price: $1.18
ATH date: December 27, 2021
40.41%

Polygon ATH: $2.92


How to trade, convert or sell Polygon

You can convert or sell your MATIC with the same exchange you bought it through:
  1. Sign in to the exchange you have MATIC on.
  2. If you store your Polygon in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of MATIC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Polygon.
  6. Complete your transaction and move your MATIC to a wallet for storage.

Disclaimer: Cryptocurrencies, including Polygon, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MATIC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Polygon or any other cryptocurrency discussed.

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